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An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
In most cases, it’s a renewal offer to continue the policy, but in others, it could be a nonrenewal notice. If you receive a nonrenewal notice, your carrier will state the reason why it is ...
A notice of non-payment: If your homeowner’s insurance is paid through your escrow account and you receive a notice of non-payment, it is important to contact your lender right away. There may ...
Opposition lawmakers, as well as labor groups, objected to Duterte's stand on ABS-CBN as the franchise non-renewal will compromise the employees of the network; stating that the blocking of the franchise renewal had no merit. [141] Opposition groups have expressed their opinions that the non-renewal of the franchise violates press freedom. [51]
In Canada, the Supreme Court of Canada has recognised that good faith contractual performance is a general organising principle of the common law.This duty applies to all contracts, requiring parties to act honestly in the performance of their obligations, and therefore would operate to determine whether activation of a termination for convenience clause had been done in good faith.
Bhasin was told that Hrynew was obliged to treat information confidentially, and was evasive when Bhasin asked in August 2000 if the merger was a "done deal." Bhasin then refused to allow Hrynew to audit his records. Can-Am threatened to terminate his post, and in May 2001 gave notice of non-renewal.
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