Termination for Convenience of Owner (Construction) | Practical Law

Termination for Convenience of Owner (Construction) | Practical Law

Standard Clauses permitting the owner of a construction project to terminate the work of a contractor without having to provide a reason for the termination or the contractor being in default. They describe the obligations of the contractor on receiving the termination notice and the payment to be made to the contractor following termination. These Standard Clauses contain integrated notes with important explanations and drafting tips to minimize the owner's financial exposure for a discretionary termination. While construction contracts are generally governed by state law, these jurisdictionally neutral Standard Clauses are useful and relevant in every state.

Termination for Convenience of Owner (Construction)

Practical Law Standard Clauses 1-604-7005 (Approx. 10 pages)

Termination for Convenience of Owner (Construction)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
Standard Clauses permitting the owner of a construction project to terminate the work of a contractor without having to provide a reason for the termination or the contractor being in default. They describe the obligations of the contractor on receiving the termination notice and the payment to be made to the contractor following termination. These Standard Clauses contain integrated notes with important explanations and drafting tips to minimize the owner's financial exposure for a discretionary termination. While construction contracts are generally governed by state law, these jurisdictionally neutral Standard Clauses are useful and relevant in every state.