The "Termination of Contract" clause outlines the conditions and procedures under which either party can end the agreement before its natural expiration. It typically includes definitions of breach, notice periods, acceptable grounds for termination, and any associated penalties or obligations upon termination.
Notice of Termination of Contract. Notice of termination of contract. We signed the House Lease Contract with you on Year Month Day , Now, according to Article of the House Lease Contract, we hereby notify you to terminate the lease contract. Please move out of the house within ☐ days from the date of receiving this notice/☐ return the deposit and the balance of rent received in advance of RMB, pay liquidated damages of RMB and compensation of RMB otherwise we will solve the problem through legal channels.
Termination of contract. 6.1 This contract can be terminated after negotiation between both parties. 6.2 If arty B has one of the following circumstances, Party A has the right to request Party B to pay one month’s rent as liquidated damages and unilaterally terminate the contract to recover the house. (1) Not paying rent for 15 days as agreed (2) Improper storage or unreasonable use leads to damage to attached items, equipment and facilities and refuses to compensate. (3) Use the house to engage in illegal activities, damage the public interest, or hinder the normal work and life of others. (4) Other violations of property management regulations. (5) Change the nature of house use.
Termination of Contract. 1. Upon expiration of the lease term or upon mutual agreement between Party A and Party B, this contract shall be terminated. 2. Party B shall deliver the house key and the items listed in the attachment in normal use to Party A on the expiration date. All items left in the house shall be deemed abandoned, and Party A has the right to dispose of them, and Party B has no objection. 3. If either party of Party B breaches the contract, Party A has the right to terminate the contract and demand compensation from the other party,
Termination of Contract: The notice period for resignation or termination of service shall be three (3) months in writing or salary in-lieu of notice by either party. The Company reserves the right to terminate the Contract of Employment should you violate the rules of conduct set by the Company or if you do not meet the job requirement during employment.
Termination of Contract. Either party may terminate this Contract at any time, upon presentation of a thirty (30) days notice given to the other party.
Termination of contract. 13.1 This Contract shall be terminated when the term of this Contract expires or or any condition for termination of the Labor Contract as agreed by both parties occurs. Party A shall issue a written certification to Party B and go through formalities for termination of this Labor Contract timely. 13.2 If both Party A and Party B agree to renew this Labor Contract when the contract term expires, both parties shall go through formalities for renewal 30 days prior to the expiration of the contract term.
Cancellation and Termination of Contract. 12.1. Party A shall have the right to unilaterally terminate this Contract early and require Party B to assume the corresponding compensation liability, by giving a written notice to that effect to Party B, and from the date when Party A’s written notice is served to Party B, this Contract shall immediately terminate and Party B shall no longer provide the debt collection services hereunder, if: (1) Party B breaches any provision hereunder; (2) Party B is liquidated, bankrupt, has severe deterioration in business operation, has material negative public opinion or is under other circumstances which, in the opinion of Party A, may reduce Party B’s ability for debt collection; (3) the applicable laws, regulations or regulatory rules or policies change, rendering possible loss to or negative impact on Party A by the continued performance of this Contract; or (4) Party A terminates this Contract early out of business operation needs.
Termination of a contract refers to the legal ending of a contract before its intended date of completion. This can occur either through mutual agreement between the parties involved or through a breach of contract by one party, making it impossible to fulfill the original contract terms. Termination releases the parties from their respective obligations, though it may also give rise to liability for damages if one party has breached the agreement.
Termination of a contract should be considered in the following scenarios:
When drafting a termination of contract, ensure that the document is clear and legally sound by including the following elements:
Example: This Termination of Contract is made on [date] between [Party A] and [Party B]. Pursuant to the Agreement dated [original contract date], this termination shall be effective as of [termination date]. The parties agree to release each other from any further obligations under the agreement.
Termination clauses are commonly found in various types of contracts, including but not limited to:
These clauses serve to protect the interests of all involved parties by clearly establishing guidelines for how a contract can be concluded prior to fulfillment of all obligations.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "Termination of Employment" clause outlines the conditions under which an employment contract can be terminated by either the employer or the employee. It typically includes details on notice periods, grounds for termination, severance pay, and any obligations or rights of both parties post-termination.
A termination of service agreement clause outlines the conditions under which either party may end the service contract, including any required notice periods and potential penalties or fees. It ensures that both parties understand their rights and obligations when discontinuing the agreement and helps prevent disputes.
"Termination with cause" refers to a contract provision that allows one party to end the agreement if the other party engages in specific misconduct or breaches the contract's terms. This clause typically outlines what constitutes "cause," such as failure to meet obligations, illegal activity, or unethical behavior.
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