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.
Learning Objectives
- 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.
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