Search results
Results from the WOW.Com Content Network
A termination for convenience clause, or "T for C" clause, [1] enables a party to a contract to bring the contract to an end without the need to establish that the other party is in default, for example because the client party's needs have changed, or in order to arrange for another party to complete the contract. [2]
The contractor responded to the cancellation by submitting claims for costs incurred, settlement expenses, and lost profits. The Dept. of the Army attempted to settle these claims in accordance with the standard “termination for convenience of the government” clause outlined in the Armed Services Procurement Regulations (ASPR). Under this ...
Initially the United States Court of Federal Claims agreed with the contractors, changing the termination for default into a termination for convenience (the contractors sought US$1.2 billion in total costs under such a termination); however, the United States Court of Appeals for the Federal Circuit reversed the decision and remanded the case ...
A common area where executory contracts are found is US bankruptcy law, where obligations exist for both parties to a contract at the time of a bankruptcy petition.In cases such as this, both the debtor, or the side that is filing for bankruptcy, and counterparty, or the side contracting with the debtor, may have to make further performance.
The Convenience of the Employer Test. SmartAsset: What Is the Convenience of the Employer Rule? There are some cases where employees can escape double taxation. The main way is to pass the ...
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party.
For premium support please call: 800-290-4726 more ways to reach us
Rebel Wilson and Ramona Agruma are legally married in Australia!. The pair — who initially tied the knot during a lavish wedding in Sardinia, Italy, on Sept. 28 — made it official in Wilson ...