Common use of Termination, Rescission Clause in Contracts

Termination, Rescission. 16.1 The Principal’s right to ordinary termination of the contract with notice or to rescission from the contract shall follow statutory provisions, unless set forth otherwise in the individual contract. 16.2 Each contracting party is entitled to terminate the agreement for good cause, provided the respective statutory requirements for this are met. A good cause for termination by the Principal is given in particular if: 16.3 In cases of termination for good cause as per Clause 16.2, the services verifiably performed by the Contractor in line with the contract up to the time of the cancellation shall be remunerated upon submission of the relevant receipts. Payments already made by the Principal shall be offset against the payment or refunded in cases of overpayment. The Principal’s further statutory rights and claims, in particular with regard to damage compensation, shall remain unaffected. 16.4 If the Contractor has acquired from the Principal any documents, records, plans or drawings within the scope of the contractual collaboration or for the purposes of fulfilling the contract the Contractor must forthwith hand them over to the Principal in the event of termination of the contract by a party to the contract. These requirements apply likewise in the event of rescission.

Termination, Rescission. 16.1 The Principal’s right to ordinary termination of the contract with notice or to rescission from the contract shall follow statutory provisions, unless set forth otherwise in the individual contract. 16.2 Each contracting party is entitled to terminate In case of a contract for the agreement performance of a continuing obligation such contract may be terminated without notice for good cause, provided the respective statutory requirements . Grounds for this are met. A good cause for termination by the Principal is given in particular ifshall also include: 16.3 In cases of termination for good cause as per Clause clause 16.2, the services verifiably performed by the Contractor in line with the contract up to the time of the cancellation shall be remunerated upon submission of the relevant receipts. Payments already made by the Principal shall be offset against the payment or refunded in cases of overpayment. The Principal’s further statutory rights and claims, in particular with regard to damage compensation, shall remain unaffected. 16.4 If the Contractor has acquired from the Principal any documents, records, plans or drawings within the scope of the contractual collaboration or for the purposes of fulfilling the contract the Contractor must forthwith hand them over to the Principal in the event of termination of the contract by a party to the contract. These requirements apply likewise in the event of rescission.

Termination, Rescission. 16.1 The Principal’s right to ordinary termination of the contract with notice or to rescission from the contract shall follow statutory provisions, unless set forth otherwise other-wise in the individual contract. 16.2 Each contracting party is entitled to terminate the agreement for good cause, provided the respective statutory requirements for this are met. A good cause for termination by the Principal is given in particular if: 16.3 In cases of termination for good cause as per Clause 16.2No.15.2, the services verifiably performed by the Contractor in line with the contract up to the time of the cancellation shall be remunerated upon submission of the relevant receipts. Payments already made by the Principal shall be offset against the payment or refunded in cases of overpayment. The Principal’s further statutory rights and claims, in particular with regard to damage compensation, shall remain unaffected. 16.4 If the Contractor has acquired from the Principal any documents, records, plans or drawings within the scope of the contractual collaboration or for the purposes of fulfilling the contract the Contractor must forthwith forth- with hand them over to the Principal in the event of termination of the contract by a party to the contract. These requirements apply likewise in the event of rescissionre- scission.