Description
Be ready to meet the challenges that terminating a contract may cause.
Owners, contractors, subcontractors, and CMs are all greatly impacted by the termination of a contract. Critical decisions have to be made regarding when and how to terminate contracts and how to implement a contract termination. This topic will provide you with fundamental rules regarding terminations for private, public, and federal contracts. It will also discuss challenging the termination decision and making termination claims.
Date: 2021-12-07 Start Time: End Time:
Learning Objectives
Terminations for Default
• Termination for Default Clauses
• Conditions for a Termination for Default
• Premature Terminations
• What Constitutes a Material Breach?
• Curing a Default
• What to Do When You Terminate a Party for Default
• Related Surety Issues
Termination for Default Damages
• Common Law
• Contract Clauses
Terminations for Convenience
• What Can You Terminate for Convenience?
• Advantages of a Termination for Convenience
• Termination for Convenience Clauses
• Cost Recovery After a Termination for Convenience
AIA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Larry P. Lubka-Hunt Ortmann Palffy Nieves Darling & Mah, Inc.
