90 Day Terminate For Convenience
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How to fill out Maryland 90 Day Notice To Terminate Year To Year Lease - Residential From Tenant To Landlord?
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FAQ
A termination for convenience clause, or "T for C" clause, enables a party to a contract to bring the contract to an end without the need to establish that the other party is in default, for example because the client party's needs have changed, or in order to arrange for another party to complete the contract.
Termination for Convenience. Either party may terminate this Agreement without cause and at any time upon giving 30 days' prior written notice to the other party (each, a termination for "Convenience"). Such termination will be effective on the date stated in the notice.
NOTICE OF TERMINATION FOR CONVENIENCE (SAMPLE) Pursuant to Section ___ (Termination) of the contract, this contract is hereby terminated effective [date]. [Contractor Name] is directed to immediately stop all work, terminate subcontracts, and place no further orders.
Termination for convenience can be used when the upstream party is uncomfortable or would like to sever ties with the downstream party but does not have a reason to terminate for cause. Terminating for convenience often arises when continuing with the project is not financially feasible or desirable.
The termination for convenience clause is a contractual provision that allows a party to terminate a contract without cause. In the construction industry, this clause is often included in subcontractor agreements.