Common use of Procedures for Revoking Contract Clause in Contracts

Procedures for Revoking Contract. The University Board may revoke this Contract at any time for any reason identified in this Contract or any reason, in the University’s sole discretion, consistent with the University’s responsibility to oversee the Academy’s compliance with this Contract and applicable law. The decision of the University to revoke this Contract is solely within the discretion of the University, is final, and is not subject to review by a court or any state agency. If this Contract is revoked or terminated for any reason, either before, during, after or without implementing corrective action, as described below, the University is not liable for such action to the Academy, a pupil of the Academy, the parent or guardian of a pupil of the Academy, or any other person or entity. The revocation of the Contract shall be effective as of a date determined by the University, but in no event later than 15 days after the revocation by the University Board or the President. In the event the President determines to revoke this contract for the reasons set forth in this section, it shall observe the following procedures: (a) The President shall issue to the Academy a notice containing charges specifying the specific grounds for revocation and the reasons therefor; (b) The Academy shall have fifteen (15) days to respond, in writing, to the charges by admitting or denying each charge with specificity and providing, in the case of denial, the grounds for such denial or, in the case of admission, a plan to correct the deficiency noted in each charge; (c) The President shall review the Academy’s response and, within fifteen (15) days, either accept the response or confirm the revocation; (d) In the event the President approves the revocation, the matter will be submitted to the University Board and the Academy shall be provided with the date and time for the proposed action of the University Board; (e) The Academy shall have an opportunity, if it so chooses, to speak to a quorum of the University Board at the date and time of the proposed action to present specific grounds as to why the recommendation of the President should not be undertaken.