TERMINATION FOR THE CONVENIENCE OF THE OWNER Sample Clauses

The 'Termination for the Convenience of the Owner' clause allows the owner to end a contract at their discretion, without needing to prove fault or breach by the other party. In practice, this means the owner can terminate the agreement for reasons such as changes in project scope, budget constraints, or shifting business priorities. Typically, the contractor is entitled to compensation for work performed up to the termination date and for reasonable demobilization costs. This clause provides the owner with flexibility and control over the project, while also establishing a fair process for compensating the contractor if the contract is ended early for reasons unrelated to their performance.
TERMINATION FOR THE CONVENIENCE OF THE OWNER. 12.1.1 The Owner may, in its discretion and without cause, by written notice to the Contractor terminate this Agreement for the Owner’s convenience at any time. 12.1.2 Upon receipt of a written notice from the Owner terminating this Agreement without cause and for the Owner’s convenience, the Contractor will (i) immediately cease performing the Work, unless otherwise directed by the Owner, in which case the Contractor will take the action directed by the Owner, (ii) take all reasonable and necessary action to protect and preserve the Work, and (iii) unless otherwise directed by the Owner, terminate all agreements with subcontractors and suppliers. 12.1.3 If this Agreement is terminated without cause and for the Owner’s convenience, the Owner will pay the Contractor (i) for Work performed under this Agreement up to the date the notice of termination is received by the Contractor at the rates for Work performed under this Agreement, including overhead and profit for the Work performed up to the date of termination, (ii) for Work performed at the direction of the Owner on and after the date on which the notice of termination is received by the Contractor, as determined by the procedures applicable to Change Orders, (iii) for Work necessary to protect and preserve the Work, as determined by the procedures applicable to Change Orders, (iv) the reasonable and necessary costs of terminating the Contractor’s agreements with subcontractors and suppliers, and (v) other costs incurred by the Contractor directly as a result of the termination of this Agreement. 12.1.4 The termination of this Agreement will be without prejudice to any rights or remedies that exist at the time of termination.
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TERMINATION FOR THE CONVENIENCE OF THE OWNER. 12.1.1 The Owner may, in its discretion and without cause, by written notice to the Contractor terminate this Agreement for the Owner’s convenience at any time. 12.1.2 Upon receipt of a written notice from the Owner terminating this Agreement without cause and for the Owner’s convenience, the Contractor will (i) immediately cease performing the Work, unless otherwise directed by the Owner, in which case the Contractor will take the action directed by the Owner, (ii) take all reasonable and necessary action to protect and preserve the Work, and (iii) unless otherwise directed by the Owner, terminate all agreements with subcontractors and suppliers. 12.1.3 If this Agreement is terminated without cause and for the Owner’s convenience and there exists no event of the Contractor’s default, as defined in this Agreement, the Owner will pay the Contractor (i) for Work performed under this Agreement up to the date the notice of termination is received by the Contractor at the rates for Work performed under this Agreement, including overhead and profit up to the date of termination but only for the Work performed, (ii) for Work performed at the direction of the Owner on and after the date on which the notice of termination is received by the Contractor, as determined by the procedures applicable to Change Orders, (iii) for Work necessary to protect and preserve the Work, as determined by the procedures applicable to Change Orders, (iv) the reasonable and necessary costs of terminating the Contractor’s agreements with subcontractors and suppliers, and (v) other costs incurred by the Contractor directly as a result of the termination of this Agreement. 12.1.4 If this Agreement is terminated without cause for the Owner’s convenience and there exists an event of the Contractor’s default, as defined in this Agreement, the Contractor is entitled to receive only such sums as it would be entitled to receive following the occurrence of an event of default under this Agreement. 12.1.5 The termination of this Agreement will be without prejudice to any rights or remedies that exist at the time of termination.
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TERMINATION FOR THE CONVENIENCE OF THE OWNER. The Owner may, in its discretion and without cause, by written notice to the Contractor terminate this Agreement for the Owner’s convenience.
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Related to TERMINATION FOR THE CONVENIENCE OF THE OWNER

  • Termination for Convenience of City The City shall have the right at any time by written notice to Contractor to terminate and cancel this contract, without cause, for the convenience of the City, and Contractor shall immediately stop work. In such event City shall not be liable to Contractor except for payment for actual work performed prior to such notice in an amount proportionate to the completed contract price and for the actual costs of preparations made by Contractor for the performance of the cancelled portions of the contract, including a reasonable allowance of profit applicable to the actual work performed and such preparations. Anticipatory profits and consequential damages shall not be recoverable by Contractor.

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

  • Termination for Convenience of County County may terminate this Contract at any time by providing a notice in writing to Contractor that the Contract is terminated. Said Contract shall then be deemed terminated and no further work shall be performed by Contractor. If the Contract is so terminated, the Contractor shall be paid for that percentage of the phase of work actually completed, based on a pro rata portion of the compensation for said phase satisfactorily completed at the time of notice of termination is received.

  • Termination by the Owner for Convenience § 14.4.1 The Owner may, at any time, terminate the Contract for the Owner’s convenience and without cause. § 14.4.2 Upon receipt of notice from the Owner of such termination for the Owner’s convenience, the Contractor shall

  • Termination for Convenience by The District The District may terminate this Agreement for convenience, for any reason or no reason at all, on fourteen (14) days advance written notice to Contractor. This advance written notice shall be deemed to have been given on the date the notice is sent by the District to the address for written notices provided below by hand delivery, U.S. Mail, commercial delivery service, such as Fed Ex or UPS, or fax. If this Agreement is so terminated, then the District shall only pay Contractor for goods and/or services provided by Contractor and accepted by the District up to, through, and including the date of termination. Following the termination of this Agreement under this Section, the parties’ duties to one another shall cease except for those obligations that shall survive the termination of this Agreement, including, but not limited to, the District’s payment obligations for goods and/or services accepted by the District before the date of termination, and the Contractor’s duties to insure and/or indemnify the District and to cooperate with any audit. Termination of this Agreement pursuant to this Section shall not limit either of the parties’ remedies for any breach of this Agreement.