In short
Termination for convenience lets a party end a contract without giving a reason, by giving the notice the contract asks for.
What it means for you
It gives flexibility to the side that has it and uncertainty to the other. A supplier whose client can leave on 30 days' notice may not recover what it spent to start. A customer with the right can leave a contract that no longer fits.
Where to find it
In the termination clause, next to termination for breach. Check the notice period, any fee for leaving early and what happens to work in progress.
What to look for
- Who can terminate: one side or both
- How much notice is needed
- Any termination fee or minimum commitment
- What is paid for work already done
How Gathersense helps
Contract review flags a termination right that only the other side has, and Key dates tracks the notice you need to give.
