Purchase Order Termination Sample Clauses
The Purchase Order Termination clause defines the conditions under which a purchase order can be ended before the completion of the agreed-upon transaction. Typically, this clause outlines the rights and procedures for either party to terminate the order, such as providing written notice or specifying certain events like breach of contract or insolvency. Its core function is to provide a clear process for ending purchase obligations, thereby managing risk and ensuring both parties understand their rights and responsibilities if the business relationship needs to be discontinued.
Purchase Order Termination. Purchaser Orders between Eligible Purchasers and Contractor may be terminated as follows:
(a) Upon the mutual written agreement of the parties to the Purchase Order;
(b) By the non-breaching party where the breach of the Purchase Order is not cured within thirty (30) calendar days after written notice of breach is delivered to the breaching party, unless a different time for cure is otherwise stated in the applicable Purchase Order; or
(c) As otherwise expressly provided for in the applicable Purchase Order. Purchase Orders shall terminate automatically and without further action if a party becomes insolvent or is placed in receivership, reorganization, liquidation, or bankruptcy. In addition to any other available remedies, the non-breaching party may terminate the Purchase Order as provided in subsection (b) above without further liability by written notice to the breaching party. A termination for breach shall not affect rights or obligations accrued or owed before the effective date of the termination notice.
Purchase Order Termination. PeopleNet, at its option, may terminate any Purchase Order issued hereunder, at any time for any reason. Upon termination of a Purchase Order by PeopleNet, PeopleNet's only liability to the Supplier will be payment for services rendered prior to the date of termination.
Purchase Order Termination. If either AEG or SmarTire terminates a Purchase Order or a Release pursuant to the AEG Terms and Conditions, the terminating party's liability will be limited to (i) paying Supplier for finished Products ordered by the party pursuant to Shipping Authorizations and (ii) reimbursing Supplier for inventory procured or fabricated by Supplier in accordance with the party's Fabrication and Raw Material Authorizations. Supplier will promptly deliver any such finished Products or inventory to AEG or SmarTire, as the case may be.
Purchase Order Termination. In any case, Roche is entitled to terminate the Purchase Order, unilaterally and without giving any cause whatsoever, provided that prior written notice is given by any reliable means, communicated at least thirty (30) days prior to the effective date of the termination. Unless otherwise agreed, this termination shall not entitle the Supplier to compensation of any kind, without prejudice to the settlement of the outstanding amounts for the services rendered up to the date of early termination.