This form is designed for use between Commercial Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Oregon.
Commercial Contract Termination Without Cause
Category:
State:
Oregon
Control #:
OR-00462-14
Format:
Word;
Rich Text
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Top Reasons to Terminate a ContractLack of Consideration.Lack of Capacity.Statute of Frauds.Mutual Mistake.Misrepresentation.Breach.Discharge by Frustration.Impossibility of Performance.
This clause is generally worded as follows; 202620262026 Either party hereto may terminate this Agreement without cause at any time, upon at least thirty (30) days written notice, 20262026.. .
Termination without cause means to terminate the contract, even though there is no specific reason for doing so. This may also be referenced as termination for convenience. When a party decides they want to terminate a contract for convenience, it is important to look at the contents of the contract that was signed.
When there is no termination clause in an employee contract, it means an indefinite contract of employment is in place, but a termination is still an option with reasonable notice given. There is some question as to how much notice is considered reasonable.
If one party fails to perform, blocks the other party from performing, or otherwise violates the terms of the contract without a legal justification, they have breached the contract and the contract can be terminated. The non-breaching party can pursue a claim for damages caused by the breach.
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The party is allowed to terminate the agreement at any given moment. Ken, "termination for convenience" is a term of art from the world of government contracts.49.503 Termination for convenience of the Government and default. 49. â—¦ Note that it is (or is not) the sole and exclusive remedy. 12. Parties to a contract can legally terminate their agreement for several reasons. Impossibility of Performance. The Government reserves the right to terminate this contract, or any part hereof, for its sole convenience. Termination for Convenience. 9. Termination for Cause. 10. A practice note outlining the law on terminating a contract, under a termination clause and at common law.