Whe n do I use this document? for a share sale transaction where confidential information about the target company will be disclosed to a potential buyer for a shorter form NDA with principal legal protections for the seller as the discloser of confidential information Key features include: 16 paragraphs over 3 pages definitions of Confidential Information and Proposed Transaction confidentiality obligations authorised recipients of Confidential Information circumstances permitting compulsory disclosure procedure for returning Confidential Information to the seller duration of agreement What else do I need to know? Negotiations on the terms of NDAs often become protracted due to the inclusion of unreasonable and excessive terms by the party providing the initial draft. This template has been prepared and designed to help the parties quickly reach agreement on the NDA, enabling them to move forward to the disclosure of confidential information and discussions on the main transaction documents. What other docs are available? For a longer form of confidentiality agreement for a company sale transaction, see NDA: share sale (long)

Contract Termination

Name: Contract Termination - PaperRock Documents
SKU: CON008.001
Price: 35.00 GBP
Availability: InStock

Agreement for the termination of a contract with the agreement of both parties. The parties can choose whether any provisions of the contract continue in effect after termination and whether termination is a release of all claims under the contract.

for termination of a contract by mutual agreement of the parties
for a contract governed by English law

What are the key features?

agreement in the form of a deed of termination
alternative wording depending on whether any provisions of the contract will continue in force after termination
alternative wording depending on whether termination amounts to a release of all claims under the contract

What else do I need to know?

The parties to a contract may agree to bring an agreement to an end earlier than originally envisaged. The contract may itself provide for circumstances in which the contract may be terminated. These include:

completion: termination of the contract once the subject-matter of the contract has been achieved
notice: termination by one party by giving a specified period of notice to the other party
breach: termination by one party either on immediate notice or by giving a specified period of notice following the breach of the contract by the other party (the defaulting party). The contract may provide that the breach must be “material” or “repeated” and/or that the defaulting party has a period of time in which to remedy the breach before the non-defaulting party may terminate the contract

In the absence of a party being entitled to terminate the contract by its terms, the termination of a contract will require the mutual agreement of both parties to the contract.

Description

When do I use this document?

for a share sale transaction
where confidential information about the target company will be disclosed to a potential buyer
for a shorter form NDA with principal legal protections for the seller as the discloser of confidential information

Key features include:

16 paragraphs over 3 pages
definitions of Confidential Information and Proposed Transaction
confidentiality obligations
authorised recipients of Confidential Information
circumstances permitting compulsory disclosure
procedure for returning Confidential Information to the seller
duration of agreement

What else do I need to know?

Negotiations on the terms of NDAs often become protracted due to the inclusion of unreasonable and excessive terms by the party providing the initial draft. This template has been prepared and designed to help the parties quickly reach agreement on the NDA, enabling them to move forward to the disclosure of confidential information and discussions on the main transaction documents.

What other docs are available?

For a longer form of confidentiality agreement for a company sale transaction, see

NDA: share sale (long)

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£35.00 exc VAT

Updated by a lawyer on 05/01/2023

Updated By a lawyer on 01/05/2023

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Contract Termination