
Urgent Exit Required – Termination Provision Essentials For B2B Contracts
Contracts are often signed with optimism, but what happens when things do not go to plan?
In his latest article for Business in the News and other publications, Partner Peter Kouwenberg explores why termination provisions are one of the most important and often overlooked elements of any commercial agreement.
From establishing clear contract terms at the outset to navigating termination for convenience and termination for cause, Peter outlines the practical steps businesses can take to protect their position. He also highlights the importance of carefully drafted notice periods, managing risk in long term arrangements, and ensuring there is a clear and workable exit strategy if circumstances change.
“Whether you are a supplier or a customer, it may feel like you are sending the wrong message worrying about termination provisions in a proposed contract. However, failing to protect your position adequately could leave you trapped in an unprofitable commercial relationship or, conversely, cut loose without sufficient notice…”
Disclaimer: General Information Provided Only
Please note that the contents of this article are intended solely for general information purposes and should not be considered as legal advice. We cannot be held responsible for any loss resulting from actions or inactions taken based on this article.
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