Contracts must be ended lawfully to ensure litigation and claims are avoided. Our solicitors can advise you on ending a contract in the correct way to avoid potential problems.
There are generally provisions made in the contract for termination, these should be followed to end the contract lawfully. We will check these for you, interpret any tricky clauses, and advise you on how to end the agreement in a way that protects your best interests.
Reasons for terminating a contract
A contract may be terminated for a number of reasons, including:
- Terminating for any reason by giving notice – most contracts state the amount of notice that must be given before they are ended, i.e. 30 days. If you have entered into a contract with a supplier and the contract does not include provisions for ending the agreement for any reason provided you give notice, you may not be entitled to end the contract simply because it no longer meets your business needs. Think carefully before entering into such an agreement.
- Terminating the contract at common law – contracts can be terminated at common law following a repudiatory (serious) breach, however, references must be made to the termination clauses within the contract which may state the aggrieved party must give the party in breach the opportunity to rectify the situation before the contract can be ended.
Terminating a contract due to the other party breaching the conditions of the agreement is not a straight-forward process. Expert legal advice is required to ensure expensive, stressful claims and potential litigation are avoided.
We can assist those who want to end a contract as well as those on the other side, who are facing a contract being cancelled on them.
We offer practical, commercially sensitive legal advice, and work quickly to get your matter resolved so you can get on with growing your business.
To discuss how we can assist you with contract termination, call our London office on 0203 983 8278 to make an appointment with one of our commercial contract solicitors.
