EMERGENCY TERMINATION OF CONTRACT Sample Clauses
The Emergency Termination of Contract clause allows either party to end the contract immediately in the event of unforeseen and urgent circumstances, such as natural disasters, government actions, or other emergencies that make it impossible or impractical to continue fulfilling contractual obligations. Typically, this clause outlines the specific types of emergencies that qualify and the procedures for notifying the other party of termination. Its core function is to provide a clear and fair mechanism for both parties to exit the agreement without penalty when extraordinary events beyond their control occur, thereby allocating risk and ensuring flexibility in crisis situations.
EMERGENCY TERMINATION OF CONTRACT a. Due to restrictions which may be established by the United States Government on material, or work, a contract may be terminated by the cancellation of all or portions of the contract.
b. In the event the contractor is unable to obtain the material required to complete the items of work included in the contract because of restrictions established by the United States Government and if, in the opinion of the Agency, it is impractical to substitute other available material, or the work cannot be completed within a reasonable time, the incomplete portions of the work may be cancelled, or the contract may be terminated.
EMERGENCY TERMINATION OF CONTRACT. The Construction Contract is subject to termination as provided by Section 4410 and Section 4411 of the Government Code of the State of California, being portions of the Emergency Termination of Public Contract Act of 1949. In the event that the Construction Contract is terminated pursuant to said section, compensation to the Contractor shall be determined on the basis of the reasonable value of the Work done, including preparatory work. As an exception of the foregoing, in the case of any fully completed separate item or portion of the work for which there is a separate unit or contract price, the unit or contract price shall control.
EMERGENCY TERMINATION OF CONTRACT. The Design-Build Contract is subject to termination as provided by Section 4410 and Section 4411 of the Government Code of the State of California, being portions of the Emergency Termination of Public Contract Act of 1949. In the event that the Design-Build Contract is terminated pursuant to said section, compensation to the DBT shall be determined on the basis of the reasonable value of the Design-Build Services completed, including preparatory work. As an exception of the foregoing, in the case of any fully completed separate item or portion of the work for which there is a separate unit or contract price, the unit or contract price shall control.