termination for convenience
Termination for convenience is a contractual clause that allows one party to end the agreement without needing to provide a specific reason. This provision is often included in contracts to give flexibility to the parties involved, enabling them to exit the contract if circumstances change or if they no longer wish to continue the relationship.
Typically, the party wishing to terminate must provide advance notice, as specified in the contract. This type of termination is common in various agreements, including construction contracts, service agreements, and government contracts, allowing for a smoother exit without the complications of proving fault or breach.