termination for default

Definition

Standard contract clause which gives a customer the right to unilaterally terminate the contractor if the contractor fails to perform according to the specified terms. The contractor is generally not entitled to any payment for the unfinished part of the contract and, instead, may be liable for (1) repayment of monies advanced, (2) liquidated and other damages, and (3) excess cost incurred by the customer in completing the contract under a new contractor. See also termination for convenience.

单词	termination for default
释义	termination for default Definition Standard contract clause which gives a customer the right to unilaterally terminate the contractor if the contractor fails to perform according to the specified terms. The contractor is generally not entitled to any payment for the unfinished part of the contract and, instead, may be liable for (1) repayment of monies advanced, (2) liquidated and other damages, and (3) excess cost incurred by the customer in completing the contract under a new contractor. See also termination for convenience.
随便看	guns or butter GUS classification gut spread gutter Gwilliam Motivational Model gypsy swap Gödel's incompleteness theorem Gödel's theorem H0 H1 H-1B visa habeas corpus habendum Habendum Clause habitat habit buying habitual abode HACCP HACCP process hacker Hague protocol Hague rules Hague-Visby rules haircut half board rate