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  2. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    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 ...

  3. How To Write A Termination Letter - AOL

    www.aol.com/news/2010-05-08-termination-letter.html

    Termination letters are legal documents that state in writing why an But during some point in a supervisor's career, you will eventually have to do the unpleasant job of writing a termination letter.

  4. Loudermill letter - Wikipedia

    en.wikipedia.org/wiki/Loudermill_letter

    According to Cleveland Bd. of Educ. v. Loudermill, the process that is due a public employee includes a pre-termination hearing that provides "oral or written notice of the charges against him, an explanation of the employer's evidence, and an opportunity to present his side of the story." The Loudermill letter fulfills the requirement of ...

  5. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.

  6. Pay in lieu of notice - Wikipedia

    en.wikipedia.org/wiki/Pay_in_lieu_of_notice

    PILON can either be set out in the contract as an option for the employer, or it may simply be paid to cover any potential damages for breach of contract. If there is a pay in lieu of notice clause in the employee's contract, the amount the employee will get will normally be set out there. If not, it is up to the employee to agree to an amount.

  7. Private prison operator GEO looking to end contracts for 2 ...

    www.aol.com/private-prison-operator-geo-looking...

    According to the contract listed in the Board of Corrections June 2023 materials, either party can terminate the contract for specified reasons. An example would be neglect or a failure to perform ...

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