(1) An inter-company agreement may be terminated for grave cause without complying with a notice period. Grave cause will be given in particular if the respective other contracting party foreseeably will not be in a position to fulfil the obligations incumbent on it as a result of the agreement.
(2) The management board of the company may terminate an agreement creating an obligation to provide compensation to the external stockholders of the company or to purchase their shares without grave cause being given only in those cases in which the external stockholders consent by adopting a separate resolution. Section 293 (1) sentences 2 and 3 and section 295 (2) sentence 3 apply accordingly to the separate resolution.
(3) The termination must be made in writing.