Contract Termination

£35.00 exc VAT

This document is for the mutual termination of a contract.  It is suitable for a contract which is governed by English law.

 

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Amendment & Restatement Agreement

Amendment & Restatement Agreements are used in particular for loan agreements and shareholders agreements.  This document is suitable for a contract which is governed by English law.

 

 

Assignment of Contract

This document is for the assignment of the benefits of a contract to a third party.  It is suitable for a contract which is governed by English law.  It assumes that the contract does not exclude or qualify the right to assign, or that any condition to the right to assign has first been satisfied.

 

Contract Variation

This document is an agreement pursuant to which the parties agree to amend specific terms of their agreement.  It is suitable for a contract which is governed by English law. Going forward, the original agreement and the amendment agreement will, together, comprise the form of the agreement.

 

Contract Termination

Agreement for the termination of a contract between the contracting parties

Background 

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.

About this document

This document is for the mutual termination of a contract.  It is suitable for a contract which is governed by English law.

Document features

Features include:

  • Mutual termination of the agreement, agreed by both parties to the specified contract
  • Release of liabilities and all claims under the agreement, whether known or unknown

paperrockdocs Contract TerminationExplanatory guidance

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