TERMINATION OF THE GRANT CONTRACT Clause Samples
The 'Termination of the Grant Contract' clause defines the conditions and procedures under which either party may end the grant agreement before its scheduled completion. Typically, this clause outlines specific events or breaches—such as failure to meet project milestones, misuse of funds, or insolvency—that can trigger termination, and it may require advance written notice or allow for immediate termination in severe cases. Its core function is to provide a clear, fair mechanism for ending the contractual relationship if necessary, thereby protecting both parties from ongoing obligations in situations where the grant's objectives cannot be met or terms are violated.
TERMINATION OF THE GRANT CONTRACT. The Managing Authority shall have the right to terminate the Grant Contract with one month's notice if the Lead Partner: received co-financing based on: false or incomplete declarations or documents, non-disclosure of information, despite the obligation to disclose it, with the aim of misappropriating or unlawfully retaining the grant received, while executing the Grant Contract, has not complied with the national or European Union regulations or the provisions of the documents referred to in § 2 section 3 points 2 - 3; has used all or part of the allocated co-financing for an improper purpose, or in breach of the European Union and national law, current programme documents and the national and the European Union rules and guidelines, or in breach of the contractual provisions, or has taken all or part of the allocated co-financing unduly or in excess, for reasons for which it is responsible:
a) has not commenced the technical and financial implementation of the project within …… months from the date referred to in § 5(1);
b) has not achieved the intended project objectives,
c) has not achieved the intended project outputs, is not able to complete the technical and financial implementation of the project within the time limit referred to in § 5(2), and if the delay exceeds …… months in relation to the activities planned in the Application Form, has ceased to implement the project or is executing the project in a manner inconsistent with the Grant Contract, has not submitted all the required progress reports for a project, refuses to submit to a control or audit by authorised institutions, has not remedied the irregularities identified within the specified period, has failed to submit the required information or documents despite a written request from the Managing Authority or other bodies entitled to carry out inspections, which specified the deadline and the legal consequences of failing to comply with the request of the Managing Authority or other bodies entitled to carry out checks, is not able to prove that the progress report for a project contain complete and true data and that the reported expenditure is eligible, is in liquidation or subject to receivership or has suspended its business activities or is the subject to similar proceedings, has not informed the Managing Authority of such a change in its legal status or of any of the Project Partners, which results in their failure to comply with the requirements set out in the Programme, the Lead Pa...
TERMINATION OF THE GRANT CONTRACT. 1. The Managing Authority shall have the right to terminate the Grant Contract with one month's notice if the Lead Partner:
1) received co-financing based on:
a) false or incomplete declarations or documents,
b) non-disclosure of information, despite the obligation to disclose it, with the aim of misappropriating or unlawfully retaining the grant received, 2) while executing the Grant Contract, has not complied with the national or European Union regulations or the provisions of the documents referred to in § 2 section 3 points 2 - 3;