Construction Terminations (Default Evals, Cure Notices, Terminations for Convenience) is brought to you by Lorman
Be ready to meet the challenges that terminating a contract may cause.
Owners, contractors, subcontractors, and CMs are all greatly impacted by the termination of a contract. Critical decisions have to be made regarding when and how to terminate contracts and how to implement a contract termination. This topic will provide you with fundamental rules regarding terminations for private, public, and federal contracts. It will also discuss challenging the termination decision and making termination claims.
- You will be able to identify what grounds are sufficient to terminate a contract for cause.
- You will be able to recognize the pros and cons of terminating for convenience as an alternative to terminating for the cause.
- You will be able to explain the key differences in termination for convenience clauses.
- You will be able to review the types of costs which can be recovered pursuant to a termination for convenience.