You give users a lot of control and access to a part of your platform with custom content or if your platform is a SaaS, so you want to take that control and gain access if a user abuses your service or violates the conditions you enshrine in the legal agreement. Resignation of insolvency. If [PARTY B] becomes insolvent, bankrupt or bankrupt, in liquidation or liquidation, [PARTY A] may terminate the contract with immediate effect. Users will be informed of what an account will end or how they will be affected, including „removing access to all or part of the offers within Yahoo services, deleting your password and any related information, files and content related to their account or within your account (or part of it) and excluding any subsequent or partial use of Yahoo services.“ A termination clause is primarily provided for you – the owners of business, apps or SaaS – to end a relationship with an abusive end user. You can include a termination clause in your termination clause, so that if one party terminates the contract for certain reasons, that party is required to pay a termination fee to the other party. See the standard clause – termination fee variant of our fee clause that you can adjust to the reasons for the termination of your contract. A termination clause is part of a swap contract that describes the procedures and remedies for one counterparty when the other counterparty refuses or terminates the contract otherwise. This involves, but not necessarily limited, the payment of damages to the aggrieved opposing party. If a swap contract ends prematurely, both parties will discontinue contractual payments. Check the termination clause in the „Terms and Conditions“ section of the document.
If you write a contract yourself, insert a termination clause in this section to inform users of the circumstances justifying termination. Be sure to include the following information in order to make your termination clause more in-depth: a termination clause can also be included in an employment contract.