Early Termination of this Contract

7.1. This Contract may be terminated on the initiative of the Customer in the following cases:

а) if the Executor discloses any confidential information;

b) in any other cases specified in the laws of the Russian Federation in force.

7.2. This Contract may be terminated on the initiative of the Executor in the following cases:

а) if the Customer does not carry out its obligations in respect of payment for the performed work;

b) if the Customer does not provide information necessary for the performance by the Executor of its obligations under this Contract;

c) if the Customer provides any facilities prevented the Executor from performance of its obligations undertaken under this Contract;

d) in any other cases specified in the laws of the Russian Federation in force.

7.3. The Party which initiated the termination of this Contract shall give notice to the other Party of the cessation of work at least 5 (five) business days prior to the expected date of such cessation.

7.4. Upon receipt of notice of termination of this Contract by any Party, the Executor has no right to continue any work under this Contract and the Customer has no right to demand the continuation of work.

а) in such a case, the Executor shall prepare the Report on the performed work and results of the taken measures, as well as shall calculate the remuneration due to it for the actually performed work.

б) on the basis of the Report provided by the Executor the Parties shall determine the cost of the performed work and make final settlement within 5 (five) business days after signing of the respective document stating the termination of this Contract and determining the cost of work performed by the Executor.

8.


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