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Automatic Termination Of Contract
"I need an Automatic Termination of Contract for a software service agreement that will automatically terminate if the provider fails to maintain a 99.9% uptime for three consecutive months, with the contract starting from March 2025."
1. Parties: Identification of all parties to the contract
2. Background: Context and purpose of the automatic termination provisions
3. Definitions: Key terms used throughout the document
4. Triggering Events: Specific circumstances that will trigger automatic termination
5. Notice Provisions: Requirements for notification of termination
6. Consequences of Termination: Effects and obligations following termination
1. Transition Arrangements: Procedures for handover or wind-down when complex operations need to be transferred
2. Dispute Resolution: Procedures for handling disputes about termination in high-value or complex contracts
3. Data Protection: Handling of personal data post-termination when personal data is involved in the contract
1. Schedule of Triggering Events: Detailed list of circumstances leading to automatic termination
2. Notice Templates: Standard forms for termination notices
3. Asset Register: List of assets to be returned or transferred upon termination
Authors
Automatic Termination Event
Business Day
Commencement Date
Confidential Information
Contract
Effective Date of Termination
Force Majeure Event
Insolvency Event
Intellectual Property Rights
Material Breach
Notice
Parties
Related Entities
Representatives
Services
Termination Date
Termination Notice
Termination Period
Trigger Event
Working Hours
Automatic Termination Events
Notice Requirements
Consequences of Termination
Post-Termination Obligations
Confidentiality
Data Protection
Intellectual Property Rights
Force Majeure
Governing Law and Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Waiver
Assignment and Novation
Third Party Rights
Survival Provisions
Return of Property
Payment Obligations
Indemnification
Insurance
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