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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.
Termination for convenience, otherwise known as at will, provides a party with the right to terminate an agreement for any or no reason. To allow a nonterminating party to make alternative business plans and prepare to wind-down its operations with the terminating party, most termination at will provisions require the terminating party to ...
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 ...
Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $ 350 fee if the customer breaks the contract.
You may discontinue use of the Applications at your discretion. Upon termination, you must stop all use of the Applications and must destroy all copies of the Applications that are in your possession. All provisions of this Agreement, except for the license grant in Section 3 above, survive the termination of this Agreement. 16. INJUNCTIVE RELIEF.
A breakup fee (sometimes called a termination fee) is a penalty set in takeover agreements, to be paid if the target backs out of a deal (usually because it has decided instead to accept a more attractive offer). The breakup fee is ostensibly to compensate the original acquirer for the cost of the time and resources expended in negotiating the ...
"Mama Kelce's cookie" was the fourth-most Googled recipe in 2024, said the report. The cookies first burst onto the scene in 2023, when Donna was seen giving her sons, Jason and Travis, each a ...
Legal experts believe the unknown female celebrity tied to the Jay-Z and Sean "Diddy" Combs rape lawsuit has sought her own representation with attorneys.
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