Termination

CIP shall have the right after giving 3 months prior written notice to the Company to terminate the Certification forthwith in any of the following events:

  1. If the Company commits a breach of CIP’s Terms and Conditions of Engagement, including those provided in the Conditions of Certification and Use of Certificate and Certification Mark issued upon certification, and fails to remedy the same within 30 days from receipt of a written request from CI to do so.
  2. If payments remain outstanding beyond the specified credit terms;
  3. If the Company enters into liquidation whether compulsorily or voluntarily (otherwise than for the purpose of amalgamation or reconstruction) or compounds with its creditors or has a receiver appointed of all or any part of its assets or takes or suffers any similar action in consequence of debts or, in the case of an individual or a partnership, if the Company or any of its members of the firm becomes insolvent or enters into any arrangement with its creditors or takes or suffers any similar action in consequence of debt; or
  4. If the Company is guilty of any conduct, which in the opinion of CIP, is prejudicial to CIP's interest or by bringing the Company’s auditing and certification process into disrepute.

The Company shall have the right, after giving 3 months prior written notice to CIP, to terminate this Engagement if CIP’s services are deemed unsatisfactory or if CIP has breached any of the Terms and Conditions of the Engagement.