Description
Learn about the issues you need to consider in drafting and negotiating subcontract termination provisions and utilizing them during performance.Nobody wants to think about subcontract terminations until they absolutely have to. That’s a big mistake. A contractor’s failure to carefully consider termination rights and obligations when they draft and negotiate their subcontracts can put the contractor in a very difficult position during project performance, and failure to ensure its project management understands those rights and obligations throughout performance can lead to missed notices, waived rights, and unnecessary liability to the subcontractor, the ownercustomer or both. This information helps construction contractors and their counsel recognize the issues to consider in drafting and negotiating subcontract termination provisions and provides essential tips for making sure those provisions meet the contractor’s needs and tolerance for risk. It also provides a roadmap for navigating potential termination issues that arise during performance and, when the decision to terminate is made, how to do so effectively and efficiently. You will be able to discuss with your clients’ contracting teams best practices in negotiating and drafting termination provisions and deciding if, how and when to use them during performance you will be able to identify the steps you should take in deciding whether to terminate and, if so, how to do so effectively and efficiently you will be able to recognize the risks, benefits and likely consequences of terminating a subcontractor and you will be able to review your form and draft agreements and customize their termination provisions to match your needs and tolerance for risk.
Date: 2019-03-21 Start Time: End Time:
Learning Objectives