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Special Provisions in Termination Agreements - Part 2

Special Provisions in Termination Agreements - Part 2

June 26, 2020 at 10:34 AM - commercial contracts,

Just as the reasons why parties choose to terminate a contract will vary, so too will the nature of the relationship between the parties, as well as the complexity of the original business arrangement. Sophisticated relationships and complex deal terms often necessitate the inclusion of additional provisions in the termination agreement. In Part 2 of this series, we review those terms which are illustrative of a more complex termination arrangement:

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The Basics of Termination Agreements - Part 1

The Basics of Termination Agreements - Part 1

June 22, 2020 at 1:34 PM - commercial contracts,

In business, as in life, things don’t always work out as expected. When the parties to a contract wish to end their relationship (for any number of reasons, such as dissatisfaction with goods/services, better pricing found elsewhere, or simply a desire to walk away from the deal), a termination agreement enables them to formally cancel their contract before its expiration date[1]. In this two-part series, we will examine the basic provisions found in most termination agreements (part 1), as well as more complex provisions that are often required in more sophisticated transactions (part 2)

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