Clause 9: Termination

1. If an agreement that according to its nature and contents does not terminate by completion, has been made for an indefinite period of time, it can be terminated by either party by reasoned notice of termination in writing, subject to a notice period of at least 2 months. The contractor shall never be obliged to pay any compensation because of termination.

2. Ether party shall have the right to dissolve the agreement fully or partly without judicial intervention, if the other party, after a sound and as detailed as possible written notice of default, whereby a reasonable period of time is granted for curing the shortcoming, imputably fails in the performance of essential obligations under the agreement.

3. Either party may fully or partly terminate the agreement with immediate effect without notice of default and without judicial intervention, by notice in writing, if any of the following situations occur:
a. the other party applies for a suspension of payments or the other party is granted a suspension of payments,
b. the other party files a petition for (his own) bankruptcy or the other party is adjudicated bankrupt,
c. the other party's company is dissolved or liquidated, otherwise than for the purpose of a reconstruction or merger of companies.

The contractor shall furthermore have the right to terminate the agreement fully or partly with immediate effect without notice of default and without judicial intervention, by written notification, if the control over the customer's enterprise changes.

The party terminating the agreement in any of the above circumstances shall never be obliged to pay any compensation.

4. Termination of the agreement shall not discharge the parties from their current obligations under the agreement. Payment obligations relating to commitments already made or to work performed, services rendered or deliveries made prior to the time of termination shall remain in full force. In case of termination the contractor shall have the right to demand immediate payment of all amounts owing to him, regardless of whether or not the amounts are already due and payable.


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