Common use of Termination or Cancellation of the Contract Clause in Contracts

Termination or Cancellation of the Contract. 1. The contract will be immediately canceled if at any time the U.S. Department of Labor and/or the State of Illinois cancels, fails to fund, or otherwise terminates, rescinds, or negates the grant through which this agreement is funded. 2. Either party to the contract shall have the right to terminate and end unilaterally all obligations under the contract by notifying the other party in writing of such termination at least thirty (30) days prior to the effective date of termination. If the Provider fails to fulfill its obligations under this contract or misrepresents its assurances, Will County will notify the Provider in writing that Will County will terminate the contract within thirty (30) days of the notification. The Provider shall, however, remain obligated to maintain all records as required by this agreement regardless of cancellation of this contract. 3. Upon termination or receipt of notice to terminate, whichever occurs first, the Provider shall cancel, withdraw or otherwise terminate any out-standing orders or subcontract(s) which relate to the performance of this contract and shall cease to incur costs. Will County shall not be liable to the Provider or the Provider's creditors for expenses incurred after the termination date. Upon termination of this contract for any reason, the Provider shall return to Will County within thirty (30) days after the receipt of written request for return, all property purchased with funds received under this contract and all property furnished to Will County by the State of Illinois or the United States Department of Labor. The Provider shall return such property and property records in the manner prescribed by Will County. Between the date of termination of the contract and the date of return of the property, the Provider shall protect such property from damage, loss, or destruction. The Provider shall preserve all records relating to this contract as provided in Section IV. 4. If termination occurs due to Providers violation or breach of contract terms, the Provider must immediately cease program administration, stop all cash draw-downs, return all WIOA property to Will County, conduct a close-out of grant activities and fiscal functions, and provide all documentation and records related to the program to Will County.

Termination or Cancellation of the Contract. 1. The contract will be immediately canceled if at any time the U.S. Department of Labor and/or the State of Illinois cancels, fails to fund, or otherwise terminates, rescinds, or negates the grant through which this agreement is funded. 2. Either party to the contract shall have the right to terminate and end unilaterally all obligations under the contract by notifying the other party in writing of such termination at least thirty (30) days prior to the effective date of termination. If the Program Provider fails to fulfill its obligations under this contract or misrepresents its assurances, Will County will notify the Program Provider in writing that Will County will terminate the contract within thirty (30) days of the notification. The Program Provider shall, however, remain obligated to maintain all records as required by this agreement regardless of cancellation of this contract. 3. Upon termination or receipt of notice to terminate, whichever occurs first, the Program Provider shall cancel, withdraw or otherwise terminate any out-standing orders or subcontract(s) which relate to the performance of this contract and shall cease to incur costs. Will County shall not be liable to the Program Provider or the Program Provider's creditors for expenses incurred after the termination date. Upon termination of this contract for any reason, the Program Provider shall return to Will County within thirty (30) days after the receipt of written request for return, all property purchased with funds received under this contract and all property furnished to Will County by the State of Illinois or the United States Department of Labor. The Program Provider shall return such property and property records in the manner prescribed by Will County. Between the date of termination of the contract and the date of return of the property, the Program Provider shall protect such property from damage, loss, or destruction. The Program Provider shall preserve all records relating to this contract as provided in Section IV. 4. If termination occurs due to Program Providers violation or breach of contract terms, the Program Provider must immediately cease program administration, stop all cash draw-draw- downs, return all WIOA property to Will County, conduct a close-out of grant activities and fiscal functions, and provide all documentation and records related to the program to Will County.