Common use of Postponement and Termination Clause in Contracts

Postponement and Termination. 14.1. By notice of the Client The Client may by written notice to the Consultant at any time give prior notice of his intention to omit any part of the Services or to abandon the Services in whole or the remaining part thereof and terminate this Agreement. Unless otherwise agreed between the parties, the effective date of termination of this Agreement shall not be less than sixty (60) days after receipt of such notice. But the Consultant shall upon receipt of such notice take immediate steps to bring the Services to a close and to reduce expenditure to a minimum. * As an alternative to paragraph (c) the following may be used, if considered appropriate: "if, notwithstanding the absence of an agreement between the Consultant's home country and the Client's country for the avoidance of double taxation, the Consultant would be entitled to a tax credit in his home country in respect of income tax paid in the Client's country, but only to the extent of such tax credit".