Description
Understand the risk of terminating a construction contract and why it is a last resort.
Sometimes your only option left is to terminate the construction contract on a project. Perhaps every chance at dispute resolution has failed. Maybe the material breaches by one party will never be resolved by remedies or damages recoverable under the contract. Or maybe subcontractor liens on the project have caused irreconcilable differences between the owner and general contractor. Whatever the reason prompting termination of a construction contract, there are important legal issues and considerations to keep in mind. Termination, after all, affects everyone on the project.
This live webinar will address contract termination from the perspective of owners, developers, contractors and design professionals. First, we will discuss the risk of terminating a construction contract and why it is legally a last resort. Second, we will look at contract clauses and terms that specify termination rights and remedies. Finally, we will conclude the seminar by identifying the best way to terminate a construction contract, and we will provide you with some case examples to consider under circumstances familiar to all working in the construction industry.
Learning Objectives
– You will be able to define what it legally means to terminate a construction contract.
– You will be able to describe the benefits and consequences to terminating a con-struction contract.
– You will be able to discuss risks and remedies from contract termination.
– You will be able to explain the right and wrong way to terminate a construction contract.
Presenter: Richard G. (Rick) Erickson, Snell & Wilmer L.L.P.
Credits*: CLE, ENG
Time of program 65 min, 1 pm ET
Date of program October 30, 2025
