Contract Termination For Cause In New York

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

Description

The Termination of Listing Agreement is a legal form used for concluding a real estate listing contract in New York. This form facilitates the termination of an existing listing agreement between a real estate broker and the seller, ensuring that all parties formally acknowledge the termination date and conditions. Key features of the form include mutual agreement statements, a waiver of claims, and a release from further obligations, which protect both the broker and seller from future disputes related to the agreement. For effective use, users should fill in relevant details such as names, dates, and any outstanding reimbursements. Specific use cases include situations where sellers wish to end a listing early due to changing circumstances or dissatisfaction with the broker's services. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions as it simplifies the termination process while ensuring compliance with legal requirements. By utilizing this form, parties can avoid misunderstandings and clearly outline their responsibilities upon termination.

Form popularity

FAQ

These are some examples of just cause termination: Infringement on the company's code of conduct or ethics policy. Failure to adhere to company policy. Contract infringement.

A "just cause" dismissal (also referred to as "dismissal for cause" or "summary dismissal") is the termination of employment initiated by the employer in response to employee misconduct that is so serious that it either: Violates an essential condition of the employment contract.

Insubordination and related issues such as dishonesty or breaking company rules. Attendance issues, such as frequent absences or chronic tardiness. Theft or other criminal behavior including revealing trade secrets. Sexual harassment and other discriminatory behavior in the workplace.

What is Termination for Cause? Termination for cause refers to the firing of an employee for valid, legally classified reasons. In order for termination for cause to be justifiable, the reason for the termination must be serious and legitimate.

An employee may be fired for various reasons that may include misconduct, fraud and disclosure of confidential information. The 'cause' in this case refers to the reason for discharge from employment which, in most cases, is determined by a written document such as employment contract and company policy.

Under California employment law, good cause means that the employer must have “fair and honest reasons, regulated by good faith on the part of the employer, that are not trivial, arbitrary, or capricious, unrelated to business needs or goals, or pre-textual.” The employer must have a good reason for wanting to fire an ...

They are called just causes because the termination of employment is justified due to an employee's actions, behavior, or omission, either of which resulted in a serious or grave violation of the law, employment contract, company policies, collective bargaining agreement, and any other employment agreement.

Employers have the right to terminate employees but must give notice that the employment is ending. An exception to the notice requirement applies where the employer can prove just cause. Just cause refers to conduct that is of such a serious nature or extent that it essentially breaks the employment relationship.

In New York, a private-sector employer is not required to have good cause to discharge an employee. The employer can do so for reasons many people might consider unfair, such as: to replace you with a member of the boss's family. for fighting with a coworker, even if the other worker wasn't fired as well.

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.

Trusted and secure by over 3 million people of the world’s leading companies

Contract Termination For Cause In New York