Common use of No Fault Termination Clause in Contracts

No Fault Termination. [The following termination clause alternative does not require a “cause” or triggering condition such as breach of the Fundraising Agreement for termination. This clause may be appropriate where the primary function of a Fundraising Agreement is to facilitate philanthropic donations. Depending on the circumstances, NPS and the Partner may choose to lengthen the notice period for termination suggested below.] “Either party may terminate this Fundraising Agreement for any reason by giving [insert] days written notice. Unless otherwise provided for in this Fundraising Agreement, neither party shall be liable to the other for any damages, costs or claims in the event of termination. Termination will be effective at the end of the [insert] day period. Any funds, goods, or services raised for the benefit of NPS, in whole or part, shall be disposed of consistent with disposition provision found in Article [VIII.B] of this Fundraising Agreement.”