Termination for Convenience Notice

Summary

The precedent is a notice of termination for convenience letter that may be used by a party to a commercial contract to provide notice to the other party that it is ultimately terminating their agreement based on convenience (i.e., without cause). This precedent includes practical guidance and drafting notes. Counsel should adhere to any notice requirements in the terms of the parties' agreement to ensure that the termination notice is proper and deemed effective. The failure to provide timely and proper notice of termination may affect, with a delay or forfeiture, a party's ability to end the agreement. For general information regarding drafting commercial contracts, see the practice note Commercial Contract Drafting and Review. See also related precedents: Termination for Convenience Notice, Termination for Cause Notice, Termination Agreement, Release Agreement and General Waiver Agreement. For non-jurisdictional termination clauses to be used in a commercial contract (i.e., for ...