Clause
52.217-2 Cancellation Under Multi-year Contracts.
(a) Cancellation, as used in this clause, means that the Government is canceling its requirements for all supplies or services in program years subsequent to that in which notice of cancellation is provided. Cancellation shall occur by the date or within the time period specified in the Schedule, unless a later date is agreed to, if the Contracting Officer (1) notifies the Contractor that funds are not available for contract performance for any subsequent program year, or (2) fails to notify the Contractor that funds are available for performance of the succeeding program year requirement.
- Type: Clause (C)
- Prescribed in: 17.109(a)
- Effective: Oct 1997
- Primary source: eCFR 48 CFR 52.217-2 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.