Common use of Termination by Member Clause in Contracts

Termination by Member. a. Term Membership Agreement: may be terminated on the anniversary date specified on this Agreement with 30 days written notice. If this membership is not terminated, an additional term will automatically start on the renewal date. b. My membership term may be terminated early with a single payment of $500 + applicable tax. The early termination fee of $500 + applicable taxes must be paid ten days prior to the next monthly dues payment. If this fee is not paid ten days prior then your next monthly payment will be charged. Monthly dues previously owing and/or already paid monthly dues will not be considered as part of the termination fee under any circumstances. This option is only available on the agreement for the membership term. Certain conditions apply.