*Any Cancellation request maybe submitted by email or a written letter that is signed and dated. Contracts are eligible for cancellation within 7 business of signed contract with a full refund of down payment.
A. Contractor's Termination. GIS may, on 7 days written notice to Owner, terminate this agreement before the completion of the work when for a period of 7 days after a progress payment is due, through no fault of Contractor, Owner fails to make the payment. On such termination Contractor may recover from Owner payment for all work completed and for any loss sustained by Contractor for materials, equipment, tools or machinery to the extent of actual loss thereon, plus loss of a reasonable profit.
B. Owner's Termination. Owner may, on 7 days notice to contractor, terminate this agreement before the completion of the work, and without prejudice to any other remedy Owner may have when Contractor defaults in the performance of any provision of this agreement, or fails to carry out performance of the work in accordance with the provisions of the contract documents.