Termination Of Contract For Cause In Queens

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

Description

In the context of real property law, a listing agreement governs the terms of the sale of real property by a third party real estate agency or broker. A listing contract may cover issues, among others, such as the price and terms of sale, broker's commission, agency duties of a listing agent, whether or not the property will be listed with the local MLS (multiple listing service), lockbox use, and resolution of disputes.


There are at least ten ways that a listing agreement may be terminated.


" When a real estate broker successfully sells a property for their client the listing agreement is complete.

" Listing agreements are typically inclusive of a definite time frame. When this period of time is reached, the listing agreement is terminated. Automatic extensions are illegal in many states, and are highly discouraged.

" If a broker does nothing to market the property, the owner of the property may end the listing due to the brokers abandonment of the property.

" Sellers can revoke the listing agreement, however there may be damages to the broker for which the seller can be held liable.

" Brokers can renounce the listing agreement, however they may be held for damages to the seller.

" Death, insanity, or bankruptcy of either the broker or the seller will often terminate the listing.

" Destruction of the property terminates the agreement because the agreement cannot be performed.

" The listing agreement can be terminated through a mutual consent between the broker and the seller.

" If the use of the property changes significantly, the listing agreement can be cancelled.

" In the real estate market, transfer of title by operation of law can terminate the listing agreement.

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FAQ

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.

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.

The employer must prove that: the dismissal is justified: The employer must show more than just dissatisfaction with the employee's performance. Real misconduct or incompetence must be demonstrated. the employee was aware of the consequences of failure to perform certain duties or obey certain rules.

Write a termination of contract notice Regardless of what your grounds are, notice is required to terminate any contract. Typically, this notice will come in the form of a written document that clearly explains your decision to terminate the contract, why you wish to do so, and on what grounds.

The following are just causes for termination: Serious misconduct or willful disobedience; Gross and habitual neglect of duties; Fraud or willful breach of trust; Commission of a crime or offense by the employee against his/her employer, the employer's immediate family or his/her duly authorized representatives; and.

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 ...

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.

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.

Employees in New York State are considered “at-will” employees, meaning that the employee can be terminated without warning, at any time, and for any reason or no reason at all. While employment may be “at-will,” there is an exception to the doctrine of at-will employment in New York.

Expiration of the terms of the contract: Contract terminates when its specified date or duration expires. Example: John's one-year lease, starting on January 1, 2024, expires on December 31, 2024. At that point, the contract terminates unless both parties agree to renew it.

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Termination Of Contract For Cause In Queens