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STATE OF NORTH CAROLINA 7/03
WAKE COUNTY Rev. 7/04
CONTRACT TERMINATION
This Contract Termination is made and entered into this _____ day of_____________, 200_, by and between North Carolina State University, for its (Department name and Full address) (hereinafter referred to as University) and (Contractor name and Full address) (hereinafter referred to as Contractor).
1. The University and the Contractor mutually desire and agree to terminate the "North Carolina State University Contract" (the "Contract") entered into on (Date) in order to initiate (describe action) . A copy of the Contract is attached to this Contract Termination.
2. Immediately upon execution of this Contract Termination, the Contractor must provide to the University all (description of final deliverables) and any other copyright material pertaining to the project.
3. Upon signature for both parties, this document terminates the Contract as of (Date) (the "Termination date").
4. In full compensation and consideration for the work done under the Contract, the University agrees to pay the Contractor ($_____________), said amount to be paid according to the following schedule: (define the payment schedule) .
5. The Contractor agrees that the amounts set forth in the previous paragraph are full and adequate payment and that he has no additional claims against the University arising either under the Contract or out of its termination.
Agreeing to be bound by the preceding terms and conditions, the parties have executed this Contract Termination in duplicate originals on the day and year stated below.
Witness: NC State University for its (Department Name)
Recommended by:
____________________________ ____________________
Project Coordinator Date:______________
Witness:
Authorized by:
____________________________ BY:_________________
Date:______________
Director of Materials Management
Witness: ____________________(Contractor Name-Printed)
____________________________ ____________________(Contractor Signature)
Date:______________
Federal Identification
No. or SSN ___________________________