What must occur for either party to terminate a contract of service without notice after giving notice?
Understand the Problem
The question is asking about the conditions under which a contract of service can be terminated by either party even after a notice has been given. It looks for clarification on which of the options accurately describes this situation regarding payments and compensation.
Answer
Mutual termination agreement or termination for convenience clause is needed.
To terminate a contract without notice after giving notice, parties usually need either a mutual termination agreement or a termination for convenience clause in the contract.
Answer for screen readers
To terminate a contract without notice after giving notice, parties usually need either a mutual termination agreement or a termination for convenience clause in the contract.
More Information
Termination for convenience allows parties to end the contract for practical reasons without any breach. A mutual termination agreement ensures both parties agree on ending the contract and any remaining obligations.
Tips
A common mistake is assuming you can terminate without notice without understanding the specific terms in the contract. Always check for clauses related to termination.
Sources
- Contract Termination: Definition & Types - ContractPodAi - contractpodai.com
- Termination of a contract: the ultimate guide - Juro - juro.com
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