The Client has the right to terminate the Contract at any time and without giving any reason. The period of notice is 15 days and starts on the first day after receipt of the notice. The Provider shall cancel the Client's account at midnight on the last day of the notice period. The notice of termination may be delivered to the Provider's registered office, via the Client's account and/or by email to the Provider.
The Provider shall have the right to terminate the Contract and cancel the Client's Account if the Client fails to make any payment on the Client's Account for a period of one (1) year. The Provider shall notify the Client of the termination of the Contract and cancellation of the Client's Account. The period of notice shall be 60 days and shall commence on the first day of the next calendar month following receipt of the notice. The Client's account is terminated at midnight on the last day of the notice period.
Either party may terminate the Contract immediately by written notice to the other party if:
Any amount owed by the other party to that party under any provision of this Contract is not paid within 30 business days of the due date;
The other party commits any other breach of any of the provisions of the Contract and, if such breach is capable of remedy, fails to remedy it within 10 working days of being notified in writing giving full details of the breach and requiring it to be remedied;
The easement shall pass into the possession of, or where the other party is a company, a receiver shall be appointed over any property or assets of the other party;
The other party to the Contract which is an individual or a firm has been made bankrupt or which is a company enters into liquidation (except in the case of a bona fide merger or reconstruction in such a way that the resulting company effectively agrees to be bound by or assume the obligations imposed on the other party under the Contract);
The other party ceases or threatens to cease doing business;
For the purposes of sub-clause 9.3.2, a breach shall be deemed to be capable of being remedied if the breaching party can comply with the provision in all respects.
The right to terminate the Contract is without prejudice to any other right or remedy of either party in respect of the breach (if any) or any other breach.
On the effective date of termination or withdrawal, the Provider shall arrange mutual rights and obligations and cancel the Client's account. This means that it will deduct from the current balance of funds payments made up to the moment of cancellation of the Client's account, the fee for the transfer of funds from the Provider's account to the Client's account, as well as any penalties for breach of the terms of the contract according to the applicable Prices and Tariffs. The remaining balance shall be transferred by available and appropriate means.