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The termination for convenience clause under FAR 49.101 (b) merely states that the CO shall terminate contracts only when in the government’s interest. In reality the government has wide latitude. Some courts even give the government a preference for a constructive termination instead of assessing it with a breach of contract.
definition. Termination for Convenience means the termination of the Trade Contract Agreement or the Trade Contractor Work by the Authority without cause and for the convenience of the Authority as decided in its sole discretion. Termination for Convenience means the exercise of the Government ’s right to completely or partially terminate per ...
May 22, 2024 · As prescribed in 49.502 (b)(1)(i), insert the following clause:. Termination for Convenience of the Government (Fixed-Price) (Apr 2012) (a) The Government may terminate performance of work under this contract in whole or, from time to time, in part if the Contracting Officer determines that a termination is in the Government’s interest.
Jun 11, 2023 · A termination for convenience clause is a contractual provision that allows one party to terminate the agreement without cause or penalty. In the construction industry, this clause is often included in subcontracts between a general contractor and a subcontractor. This clause is most commonly used either before the subcontractor begins work, or ...
Termination for convenience. A contractual right to terminate an agreement for any reason. It may also be referred to as termination without cause. A right to terminate for convenience usually requires the terminating party to provide a certain period of notice before the termination is effective and usually in writing.
Dec 9, 2019 · The Contracting Officer initiates a termination for convenience by delivering to the contractor “a Notice of Termination specifying the extent of termination and the effective date.”. Id. In the event you receive a notice of termination, there are a few things you should do immediately, the first and most of obvious of which is stop working ...
Jul 28, 2020 · There is a legal concept known as “termination for convenience” which allows companies to end contracts if they believe it to be in their best interests to do so. The question then inevitably becomes which companies have this luxury, and what your business can collect if a partner ends an agreement in this way.
