6.5.7 Contract Termination

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The term contract termination refers to the premature termination of the contract between Contracting Authority and Contractor, that is the final suspension of the contract before the entirety of its scope is completed and before the official expiration date set forth in it has lapsed. The cases and the reasons for which a contract may be terminated as well as the obligations of the two parties, both during the termination procedure as well as following it, are explicitly set forth in the terms of the contract each time. In the following subsections there is a description of the common cases of contract termination, as these are defined in the model contracts for services, supplies and works, as well as the actions required for the termination of a contract as well as those required following the termination.

© 2007 Republic of Cyprus, Treasury of the Republic, Public Procurement Directorate
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