Rezultat exemplu
Creat pe 27 octombrie 2026
Clause 1: Either party may terminate for convenience with 60 days’ written notice
What it means:
You or the other party may end the agreement for any reason—or no specific reason—by giving written notice at least 60 days before termination takes effect.
Your obligations:
- Provide written notice if you want to terminate.
- Continue complying with the agreement during the 60-day notice period.
Their obligations:
- Provide written notice if they want to terminate.
- Continue complying with the agreement during the 60-day notice period.
Red flags or unusual terms:
- 60-day notice period: This may be lengthy if you need to exit quickly.
- “Written notice” is not defined here: Check the agreement’s notice clause to confirm whether email is sufficient and where notice must be sent.
- No immediate convenience termination: The agreement remains active until the 60-day period expires unless another clause permits earlier termination.
Clause 2: The Client must pay fees accrued through the termination date
What it means:
When the agreement ends, the Client must pay all amounts earned or incurred up to the effective termination date.
Your obligations:
- If you are the Client, pay all fees accrued through the termination date.
- If you are the Provider, accurately calculate and invoice those fees.
Their obligations:
- If they are the Client, they must pay the accrued fees.
- If they are the Provider, they should provide an accurate final invoice.
Red flags or unusual terms:
- “Accrued” is potentially unclear: It may include completed work, time spent, expenses, recurring fees, or committed costs. The agreement should define what counts as accrued.
- No payment deadline stated here: Check whether another clause specifies when the final payment is due.
- No express refund provision: The clause does not say whether prepaid but unearned fees must be refunded.