49.100 Scope of subpart.

1. (a) This subpart deals with-

   1. (1) The authority and responsibility of contracting officers to terminate contracts in whole or in part for the convenience of the Government or for default;

   2. (2) Duties of the contractor and the contracting officer after issuance of the notice of termination;

   3. (3) General procedures for the settlement of terminated contracts; and

   4. (4) Settlement agreements.

2. (b) Additional principles applicable to the termination for convenience and settlement of fixed-price and cost-reimbursement contracts are included in subparts  49.2 and 49.3. Additional principles applicable to the termination of contracts for default are included in subpart  49.4.