Word Document

Termination of contract by purchaser[1]

You must be logged in to download this document
Reviews
Shared by: Samantha Rose
Categories
Tags
Stats
views:
109
downloads:
1
rating:
not rated
reviews:
0
posted:
2/29/2008
language:
English
pages:
0
Termination of contract by purchaser. Without limiting the generality of paragraph A of this article, the purchaser shall have the right to terminate the contract at any time for any reason by giving the contractor two (2) days' prior written notice to such effect. Upon receipt of the notice, the contractor and its subcontractors shall immediately discontinue all work in progress which can be discontinued without creating a hazardous condition and cancel all outstanding commitments for material, equipment and apparatus which may be canceled without undue cost. The contractor shall notify the purchaser of any commitment which cannot be canceled without undue cost and the purchaser shall have the right to accept delivery or to reject delivery and pay the agreed upon costs. Subject to compliance with the above and any other applicable provision of the contract, purchaser shall pay to the contractor in full satisfaction and discharge of all amounts owing to the contractor under the contract reasonable and proper termination charges. These charges shall not include anticipated profit. The purchaser shall be entitled to all material specially accumulated for the order and included in the above charges, shipped at its expense; or, at its option, the salvage value of the material shall be deducted from the termination charges. The purchaser may, at its option and expense have an independent auditor agreeable to the contractor conduct an independent examination and certify that the contractor's charges are in accordance with contractor's standard practice.

0
Related docs
Termination of Contract
Views: 207  |  Downloads: 3
termination contract
Views: 1330  |  Downloads: 23
TERMINATION OF CONTRACT OF SALE
Views: 43  |  Downloads: 1
Estoppel_Certificate-Tenant_to_Purchaser[1]
Views: 184  |  Downloads: 7
TERMINATION FOR BREACH OF CONTRACT
Views: 52  |  Downloads: 2
contract termination letter
Views: 10334  |  Downloads: 110
SUBJECT TERMINATION OF EMPLOYMENT CONTRACT OF
Views: 17  |  Downloads: 1
sample contract termination letter
Views: 2857  |  Downloads: 39
Contract Termination Letter
Views: 7203  |  Downloads: 68
NOTICE OF INVOLUNTARY TERMINATION OF CONTRACT
Views: 16  |  Downloads: 1
NOTICE OF INVOLUNTARY TERMINATION OF CONTRACT
Views: 10  |  Downloads: 0
Letter of Termination of Employment Contract
Views: 192  |  Downloads: 4
Other docs by Samantha Rose
Municipal parking space rental permit[1]
Views: 232  |  Downloads: 5
Loss on premises
Views: 250  |  Downloads: 3
Lien of lessor[1]
Views: 201  |  Downloads: 3
Lease of warehouse space[1]
Views: 336  |  Downloads: 8
Lease of computer hardware
Views: 295  |  Downloads: 18
Inclusion of settlement for past services[1]
Views: 163  |  Downloads: 3
General direction for trustee
Views: 253  |  Downloads: 3
Default and insecurity clause[1]
Views: 207  |  Downloads: 1
Corporate form-ASsignment of Rents
Views: 326  |  Downloads: 4
Average monthly expense support work sheet
Views: 1266  |  Downloads: 11