COMPLIANCE INFO_2019 - Laserfiche WebLink

Home Browse Search

DocuSign Envelope ID:05EFDA32-4C8F-4F23-93BC-D19E217654E0 (a) COMPANY may suspend the CONTRACT or reduce SCOPE for cause by written notice with immediate effect pending COMPANY's decision on termination where COMPANY concludes it has grounds to terminate the CONTRACT for cause. Where suspending for cause, CONTRACTOR will not be entitled to any VARIATION or other compensation. (b) COMPANY may suspend the CONTRACT or reduce SCOPE for convenience at its own discretion with seven days' prior written notice. CONTRACTOR may seek a VARIATION if actions required by suspension impact the schedule or timing of SCOPE. (c) COMPANY may at any time withdraw by written notice all or part of a suspension, and CONTRACTOR will resume performance. 5 TERMINATION 5.1 Termination by COMPANY (a) COMPANY may terminate the CONTRACT or reduce SCOPE for cause by written notice with immediate effect if: (i) in connection with performance of the CONTRACT, CONTRACTOR breaches its own Business Principles, or if it has no equivalent principles, then Shell's Business Principles; (ii) any member of CONTRACTOR GROUP violates ANTI-BRIBERY LAWS, applicable competition laws,TRADE CONTROL LAWS, other APPLICABLE LAWS, or HSSE STANDARDS or causes COMPANY to be in violation of those laws (iii) any member of CONTRACTOR GROUP becomes a RESTRICTED PARTY; or (iv) CONTRACTOR is subject to an INSOLVENCY EVENT. (b) COMPANY may terminate the CONTRACT or reduce SCOPE for cause where COMPANY determines CONTRACTOR materially breached a term or condition of the CONTRACT other than those set out in the preceding paragraph. COMPANY will first provide written notice which may require CONTRACTOR to remedy the breach, or COMPANY may terminate the CONTRACT if COMPANY determines the breach is not capable of timely remedy, or it is not subsequently remedied. (c) COMPANY may terminate the CONTRACT or reduce SCOPE for convenience at its own discretion with 30 days' prior written notice. 5.2 Termination by CONTRACTOR (a) CONTRACTOR may terminate the CONTRACT with prior written notice of at least 30 days when: (i) COMPANY fails to pay an undisputed amount to CONTRACTOR that is properly presented, due, and payable for more than 60 days; and (ii) COMPANY fails to cure or provide proper grounds for non-payment during the notice period. (b) CONTRACTOR's termination rights do not apply to non-payment in the case of COMPANY's valid exercise of set off rights. 5.3 CONTRACTOR Obligations on Termination Purchase Contract—GOODS and SERVICES Ver.2016a 12