Contract Termination For Convenience In Georgia
Description
Form popularity
FAQ
Unlike a termination for cause, a termination for convenience occurs without a breach of contract. Basically, one party decides that they've had enough and want to walk away. It's not technically legal, unless the contract gives either party the right to do this, but it does occur in the construction industry.
A “termination for convenience” clause states that a property owner may terminate a contractor at its convenience for no reason at all. There does not need to be any breach of contract in place. However, the clauses typically require advance notice (such as 30 days).
Unilateral Right to Terminate Without Cause: Termination for convenience clauses generally allow one party, often the government entity, to terminate the contract without needing to establish fault or breach by the other party.
A contractual right to terminate an agreement for any reason. It may also be referred to as termination without cause. A right to terminate for convenience usually requires the terminating party to provide a certain period of notice before the termination is effective and usually in writing.
As a rule of law, unless it is excluded by the terms of the contract, a party has a right to terminate a contract where there has been: a breach of an essential term (otherwise known as a condition); a sufficiently serious breach of an intermediate term; or.
Parties may agree to include a termination for convenience clause in a contract under the freedom of contract principle. However, in some countries and legal jurisdictions they may be statute law or case law which affects the operation or interpretation of such a clause.
The Federal Government Has the Authority to Terminate Contracts for Its Convenience. Unlike commercial contracting, the government has the unilateral right to terminate all or part of a federal contract for its own convenience without any finding of default of the contractor.
A contractual right to terminate an agreement for any reason. It may also be referred to as termination without cause. A right to terminate for convenience usually requires the terminating party to provide a certain period of notice before the termination is effective and usually in writing.
Most contracts will include clauses about specifically when a contract will be terminated, so it should be clear whether or not you have grounds for termination. But there's also a general right to terminate a contract if a breach of contract occurs. This rule exists under common law for repudiatory breaches.
