In case that the Company has notified the Contractor to correct, improve or set up its standard in accordance with the standards generally accepted in similar industry or practices, or to rectify the Services requirements or specifications to meet and conform to the requirement and/or the standards of the Company, but the Contractor has failed to do so within the period prescribed by the Company, the Company reserves the right to terminate this Contract forthwith with neither advance notice nor payment of compensation or damages to the Contractor