When the Music Stops: Drafting and Relying Upon Effective Termination Clauses

Well drafted termination clauses in commercial contract are terms that take into account both common law and statutory rules, protect the rights and interests of an innocent party, and avoid litigation. In this program, Dr Allison Stanfield, from SG Legal Services in Sydney, examines the requirements for, and effect, of the various termination clauses that can be included in a contract; the statutory limits on some termination clauses; the common law requirements for termination clauses to be effective; the consequences of termination; and the drafting options that can adopted.

[24 minutes] [0.40 CPD hours/units]