(a) This Agreement governs the part of the settlement proposed by the Contractor based on the termination of the following subcontracts entered into in connection with the performance of this Agreement: [Include a list of terminated subcontracts included in this Regulation.] (a) Name of the Contractor and address of the registered office. Termination clauses for convenience are common in government contracts. If a contract does not contain a termination clause, termination for a less than valid reason should entitle the terminated contractor to its loss of profits for the project. (ii) Deduction of amounts payable for completed items or work at the contract price or for the processing of subcontractors` proposals for termination (with the exception of those not approved by the Government). (1) The amount of the termination of the subcontract shall not exceed $__________ or (ii) confirm the finding if the Contractor does not appeal the Government`s decision. (viii) All rights and responsibilities of the Parties with respect to government property provided to the Contractor for the performance of this Agreement. However, if the contract had contained a termination clause in hensler, the owner of the public works project could have terminated the contract and subsequently awarded the work to a new contractor as long as there was a reasonable purpose behind the termination. a) Supplemental Agreement No. ____, dated ____, has been executed to reflect the termination provision of this Agreement. The Addendum excluded from the regulations certain elements described in the Agreement, including those described in paragraph (b) of this Section.

This Addendum governs the elements listed in paragraph (b) of this section. (2) The Government undertakes to pay the contractor or its transferee on presentation of an invoice or a valid voucher ____ [Enter the net amount as the amount of the fees]. This amount, together with the amounts previously paid, constitutes the full payment and full payment of the amount due to the Contractor on the basis of his contractual fees. Contractors requesting the Authority to settle subcontractors` settlement proposals shall provide the applicable information set out in the following list and any additional information requested by the contractor: 3. The contract agent may include in each notice of termination specific instructions on the sale of certain items of the termination inventory, or the contract agent may at any time before the specific final settlement Give instructions. These instructions do not affect the disposal measures taken by you or your subcontractors prior to their receipt. ”The Owner may, at any time and for any reason, terminate the Contractor`s services and work at the Owner`s discretion. Upon receipt of such notice, unless otherwise specified in the notice, the Contractor shall immediately cease work and place an order for materials, equipment and supplies in connection with the performance of this Contract. Contract number _______ Detailed instructions will follow. 6. Without prejudice to any other provision of this Agreement, the following rights and obligations of the parties are reserved: [List of rights and obligations reserved or excluded.

See 49.109-2 and 49.603-1(b)(7).] (vi) All rights and responsibilities of the parties under the Agreement with respect to a contract termination inventory stored for the government. Termination clauses are intended to give the owner the opportunity to terminate the restored balance of the contractual employment contract for work for a reason other than the contractor`s default. For example, if the owner cannot obtain additional financing for the completion of the work, he can terminate the balance of the work for convenience, provided that there is a clause in the contract on termination for convenience. However, if the contract does not contain a termination clause and the owner terminates the contract before the completion of the work, the contractor is entitled to the value of the completed work plus the profit he would have earned with the rest of the contract. 3. The Contractor shall certify that all elements of the termination inventory, the costs of which have been used to determine the amount of this Regulation or the settlement of a proposed subcontracting regulation contained in this Regulation, (i) can be properly allocated to the terminated part of the contract, (ii) do not exceed the reasonable quantitative requirements of the terminated part of the contract, and (iii) do not contain any elements; that can reasonably be used without loss to the contractor in other work. The Contractor further acknowledges that it has been informed of any material change in the status of the Items between the dates of the Cancellation Lists and the date of this Agreement. (xii) The contractor`s unresolved claims or claims against the Government, the amount of which is unknown and which include the costs allegedly recoverable under the contract, are as follows: [Insert estimated amounts and describe fees.] Despite the government`s broad discretion to terminate contracts for convenience, the contract agent can only do so if the contracting officer has determined that it is in the government`s interest to do so.

Before a termination is made for convenience, the contract agent must consider alternatives in consultation with the customer, the legal department and other interested parties. Because of the impact on the government and the entrepreneur, government policy favours free settlement rather than termination. If the price of the undelivered balance of the contract is less than $5,000, government policy requires that the contract be allowed to run until its completion instead of being terminated. 7. Without prejudice to other provisions of this Agreement, the following rights and obligations of the Parties are reserved: [The following list of rights and obligations reserved or excluded covers those that should be reserved most frequently and that should be taken into account when negotiating a settlement agreement (see 49.109-2). The proposed language of the items excluded from the list may be changed at the discretion of the contracting authority. If accuracy or completeness can be obtained by reference to the number of a contractual clause or provision that covers the matter in question, follow this method of listing the rights and responsibilities reserved. Omit the following that do not apply and add additional exceptions or reserve requirements.] 5. The Contractor shall, within 10 days of receipt of the payment specified in this Agreement, pay to each of its direct subcontractors (or their respective assignees) the amount to which it is entitled, after deduction of any prior payment and, if the Contractor so wishes, to all amounts due to it and payable to it by such subcontractors. (g) Affected Employees. (1) If such termination, as well as other ongoing terminations, requires a significant reduction in your workforce, you are invited to (B) include the amount of $_ for all applicable land transfer loans [insert if applicable” and (C) the amount of __ $ for all other amounts due to the government under this Agreement, except as provided in subsection (7) of this Division.”] Contract agents shall use the following format when granting subcontracting authorisation: the formats to be used for the termination of conciliation agreements should be substantially the same as those set out in this section (see 49.109).

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