Termination for cause ensues when the employees' actions are against policy and may lead to serious repercussions for the company, clients and other employees. Termination of employee services with cause may be necessitated by a violation of the company's code of conduct or continuous poor performance.
(a) Termination for default is generally the exercise of the Government's contractual right to completely or partially terminate a contract because of the contractor's actual or anticipated failure to perform its contractual obligations.
Significant Distinctions A termination for cause can create negative impacts on the contractor's future work and can also hurt them regarding bonding capacity and credit rating. Termination for convenience, however, allows both parties to walk away satisfied.
The termination for convenience clause is designed to give the terminated party a more fair and equitable result than if it were terminated for cause since the termination does not result from its wrongful conduct — a breach of the contract.
Termination for cause occurs when a party's actions or inactions cause the contract to break down. This could be because they've failed or refused to perform their contractual obligations and breached the contract, for example.
If the prosecutor, for example, argues that juror number 3 is married to a defense attorney, this would be a situation of implied bias. Based on the legitimacy of the argument, the judge may agree and juror number 3 would be removed for cause.
Termination for cause occurs when a party's actions or inactions cause the contract to break down. This could be because they've failed or refused to perform their contractual obligations and breached the contract, for example.
Most contracts for the supply of goods and services contain a termination clause (also known as an ipso facto clause) which, on the occurrence of an insolvency-related event, either: 1. Automatically terminates the contract, or 2. Entitles the supplier to terminate the contract.
Termination for Convenience of the Contractor. The performance of work under this Subcontract may be terminated by the Contractor in ance with this Section in whole, or from time to time in part, whenever the Contractor shall determine that such termination is in the best interest of the Contractor.
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.