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Effect of a Finding of Indefiniteness Some courts will find that indefiniteness renders a contract unenforceable as to its specific terms, but not invalid as a whole (i.e., the plaintiff can't get the remedy of specific performance, but may be able to get damages for breach). Litigation, Overview - Indefinite Contract - Bloomberg Law bloomberglaw.com ? external ? document bloomberglaw.com ? external ? document
A lease for an indefinite term includes a periodic tenancy or other interest or right terminable by a period of notice, a tenancy at will or any other interest or right terminable by notice at any time. 308-070 Leases for an indefinite term - Croner-i Tax and Accounting | croneri.co.uk ? cch_uk ? ltt croneri.co.uk ? cch_uk ? ltt
Lease for an indefinite duration Any lease that is not entered into for a limited duration is a lease for an indefinite term. This lease is concluded for a minimum term and is tacitly renewed if neither party gives notice for the end of the term.
(a) the non-cancellable period of a lease is any period during which the lessee is unable to terminate the contract (paragraph B35 of IFRS 16). Consequently, any non-cancellable period in effect sets a minimum lease term.
An example could be a company hiring a software engineer. The contract might specify that the engineer is to be paid a certain salary, is entitled to certain benefits, and is expected to perform certain duties. However, there's no set end date. Contract of Indefinite Duration - LegalMatch LegalMatch ? ... ? Contract Law LegalMatch ? ... ? Contract Law
(?ndef?n?t ) adjective [usually ADJECTIVE noun] If you describe a situation or period as indefinite, you mean that people have not decided when it will end. INDEFINITE TERM definition in American English - Collins Dictionary collinsdictionary.com ? dictionary ? indefini... collinsdictionary.com ? dictionary ? indefini...