Contract Termination For Cause Examples In Collin

State:
Multi-State
County:
Collin
Control #:
US-00048DR
Format:
Word; 
Rich Text
Instant download

Description

The Termination of Listing Agreement form is designed for brokers and sellers to formally conclude a real estate listing arrangement. This document specifies the mutual agreement to terminate the listing contract effective on a set date, ensuring clarity about the cessation of services from the broker. It highlights that the broker waives claims against the seller post-termination, except for reimbursement of certain verified expenses. The form includes a provision releasing the broker from future obligations under the listing agreement while preserving any rights for commissions earned prior to termination. Key features of this form include designated spaces for names, addresses, dates, and financial details, making it user-friendly for those involved in real estate transactions. Attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this form by using it to facilitate smooth and legally binding contract terminations, ensuring all parties are clear on their rights and responsibilities after the agreement ends. This clarity safeguards against potential disputes and reinforces professional relationships in the real estate industry.

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FAQ

Ensure Proper Grounds for Termination Common grounds for this sort of action include a breach of the contract terms, changes in business circumstances, or non-performance of the breaching party. Be sure that the grounds for termination are legally sound and appropriately documented.

Just causes refer to situations where the employee has committed acts that warrant termination due to misconduct or failure to meet obligations. These causes are well-delineated under Article 297 of the Labor Code.

Termination for cause clauses allow parties to terminate an agreement due to the other party's inaction or actions or a breach of contract. For example, suppose a software development project depends on parties completing their contractual duties by .

Employer may terminate Employee's employment immediately and without prior notice upon the occurrence of any of the following events, each of which shall be deemed “Reasonable Cause” for termination: (i) Employee commits any act of gross negligence, fraud, dishonesty, or willful violation of any law or material ...

Here is an example of a termination clause: “Party A and Party B have the right to terminate the Contract under material breach, change in circumstances, insolvency, and mutual agreement. To terminate the Contract, the terminating party must provide 30 days of written notice to the other party.

Termination for cause is the dismissal of an employee for a satisfactory reason. An employee may be fired for various reasons that may include misconduct, fraud and disclosure of confidential information.

The term “Termination for Cause” shall mean termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or ...

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Step 1: Addressing the Correct Individual or Company. Step 2: Stating the Purpose of Termination. Step 3: Including Necessary Details (Contract Number, Date, etc.) Step 4: Mentioning Outstanding Payments or Obligations. Step 5: Closing the Letter Professionally.

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Contract Termination For Cause Examples In Collin