Search results
Nov 7, 2014 · And normally a contract would be expected to provide for termination for breach (with or without an opportunity to remedy the breach, depending on the type of breach and what consequences it has – though note that if one of the parties is a consumer then a term permitting the other party to terminate unilaterally may be void or subject to a ...
- EU Commission's Standard Contractual Clauses
The European Commission has issued a new set of standard...
- EU Commission's Standard Contractual Clauses
Feb 15, 2024 · Here are some key strategies to help guide you through the process: . 1, Assessing Grounds for Termination. The first step in terminating a contract without a termination clause is to assess the grounds for termination. Review the contract carefully to identify any breaches of agreement or unforeseen circumstances that may warrant termination.
Termination clauses are essential in contracts, outlining the conditions for legally dissolving an agreement. They enhance contract flexibility by specifying scenarios such as breach, insolvency, and unforeseen events that permit dissolution. Common types include termination for convenience, cause, and mutual agreement, each with specific ...
- Sample 1 – Softare and Service Agreement
- Sample 2 – Service Agreement
- Sample 3 – Service Agreement
- Sample 4 – Service Agreement
Termination. Either party may terminate this Agreement prior to the beginning of the Renewal Term by providing one hundred twenty (120) days written notice to the other party prior to the end of the then-current term. If notice of termination is provided by Client but TRAVELTRAX services provided by TRX extend past the termination date of the then-...
TERMINATION. This Agreement may be terminated at any time by the written agreement of the Parties as provided in Section 1 hereof. Notwithstanding the foregoing and any other provision contained herein, the following Sections of this Agreement shall remain in effect and shall survive the termination of this Agreement: Section 5, Billing; Section 6,...
Term; Termination 4.1 Term. This Agreement shall commence on the Effective Date and shall continue for a period of one (l) year from the Effective Date (the “Initial Term”), unless earlier terminated pursuant to Sections 4.2, 4.3, 4.4, or 4.5 or extended as provided in this Section 4.1. Following the Initial Term, this Agreement shall automatically...
TERMINATION 18.1 Termination of Agreement (a) For Cause by WSI. If IBM (i) materially breaches this Agreement, and (1) does not cure such breach within thirty (30) days of receipt of a notice of default or (2) with respect to a breach that cannot with due diligence be cured within thirty (30) days of notice thereof, IBM fails to proceed promptly an...
- Termination of contract for breach. Where a contract is substantially breached, then it may be possible to claim termination. The breach needs to be sufficiently serious, a so-called repudiatory breach.
- Termination of contract by performance. A contract will automatically end once all of the contract terms have been performed. This means that the obligations under the contract must have been satisfied.
- Termination of contract by agreement. It may suit both parties to end the contract. To ensure this does not leave either party open to a later claim of breach of contract, a variation of the contract should be drawn up.
- Termination of contract by frustration or force majeure. If something happens which makes it impossible for a party to the contract to fulfil their obligations, then a contract may be terminated on the grounds of frustration.
Sep 25, 2024 · Contract termination refers to the formal process by which a legally binding agreement between two or more parties is brought to an end. Termination can happen for a variety of reasons, and it must be carried out in accordance with the contract's provisions and relevant legal standards. Whether voluntary or due to a breach, contract termination ...
People also ask
Can a contract be terminated without a termination clause?
Do you need a termination clause?
What is a termination clause?
What causes a contract to be terminated?
Can a contract be terminated if one party has hindered the other?
Can a contract be terminated if a breach of contract occurs?
Importantly, if parties wish to terminate the contract for convenience, they usually have to have included a clause within the contract itself that allows for this. For example, some contracts contain a clause that says that a contract can be terminated at any point so long as the 30-day notice period has been met.