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Clauses Relating to Termination and Liquidation of Venture

Hillsborough Florida Clauses Relating to Termination and Liquidation of Venture

Name: Hillsborough Florida Clauses Relating to Termination and Liquidation of Venture
Brand: US Legal Forms
Rating: 4.59 (307 reviews)

Category:

Partnerships - Drafting Joint Venture Agreements

State:

Multi-State

County:

Hillsborough

Control #:

US-P0615-3AM

Format:

Instant download

Description

This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money.

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FAQ

Termination clauses, also sometimes called severance clauses, are written into employment contracts. The clause provides a pre-set agreement on what will happen when the employee is terminated in terms of how much notice they get and/or what sort of payment they will receive.

Since a party might not become aware of these claims until after the contract termination, those indemnification provisions should survive termination. That way, a party faced with a claim months after contract termination still can pursue indemnification from the other party.

Do limitation of liability clauses survive termination? The general rule is that the limitation of liability clause does not survive the termination of the contract unless it is expressly intended by the parties.

Other clauses commonly recognised as surviving termination of a contract include limitation of liability clauses, arbitration clauses and (potentially) indemnity clauses.

There are generally two types of termination clauses: (1) Termination for Cause (also known as Termination for Default), and. (2) Termination for Convenience.

Examples of a termination clause Either party will have the right to terminate the contract by giving written notice to the other party at least 3 months before the end of the initial period of the contract or at least 30 days at any point after the end of the initial period.

(a) Upon the dissolution of the Company, the Company shall be liquidated in accordance with this Article and the Act. The liquidation shall be conducted and supervised by the Members in the same manner provided by Article 6 with respect to the operation of the Company during its term. Sample 3.

The obligations of confidentiality and limitation of use described in this Article 9 shall survive the expiration and termination of the Agreement for a period of two (2) years (or such longer period as may be required by law).

52.249-1: Termination for Convenience of the Government (Fixed-Price) (Short Form) 52.249-2: Termination for Convenience of the Government (Fixed-Price) 52.249-3: Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements)

Hillsborough Florida Clauses Relating to Termination and Liquidation of Venture

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What are termination clauses?

What should a termination clause include?

Does indemnification clause survive termination?

Do limitation of liability clauses survive termination?

What clauses should survive termination?

What are the types of termination clauses in contracts?

What is an example of termination clause in a contract?

What is a wind down clause?

Do confidentiality provisions survive termination?

What are the three types of termination of a government contract?

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