TERMINATION BY EVENTS OF DEFAULT. 7.1 Notwithstanding any other provision of this Agreement, the Company shall be entitled to terminate the engagement of the Services with immediate effect without any compensation to the Consultant, if the Consultant shall at any time: (a) fail or neglect to discharge the Services or is guilty of any breach of the obligations under this Agreement (and to the extent that such breach is capable of remedy, shall fail to remedy such breach within fourteen (14) days after notice is given by the Company); (b) becomes bankrupt or makes any arrangement or composition with or for the benefit of his creditors; (c) becomes of unsound mind or become a patient under the Mental Health Ordinance (Chapter 136 of the laws of Hong Kong); or (d) by his acts or omissions (whether in the course of his duties or otherwise) (in the opinion of the board of directors of the Company) brings or is likely or calculated to bring himself, the name or reputation of the Company or any Group Company into disrepute or to prejudice the interests of the business of the Company or any Group Company. 7.2 Without prejudice to any accrued rights or remedies of the Company under or pursuant to this Agreement, the Company may, at any time during the Term, terminate this Agreement forthwith without cause. 7.3 The Parties may terminate this Agreement by mutual agreement in writing.
Appears in 2 contracts
Sources: Consultancy Agreement, Consultancy Agreement