Common use of Right to Suspend Performance Clause in Contracts

Right to Suspend Performance. 17.1 The Contractor will have the right, before fulfilling its obligations, to demand full payment and/or adequate security – for instance in the form of a bank guarantee – of the Customer if it is likely that the Customer will not or will not be able to fulfil its obligations correctly and/or in a timely manner, and/or if the Customer entirely fails to fulfil its obligations. 17.2 If the Customer fails to fulfil one or more of its obligations correctly and/or in a timely manner or if damage occurs, the Contractor will have the right with immediate effect to refuse, suspend, interrupt or terminate the fulfilment of its obligations, and to take further measures, without being in any way liable, until the Customer has paid any and all amounts immediately payable by it (including all interest and costs).