Sentences with phrase «avoid termination of the contract»

This fee will have to be paid within ten days of the bid to avoid termination of the contract.

Not exact matches

A proliferation of authorizers can also create a system where schools can evade closure by engaging detrimental behaviors such as authorizer hopping (where low - performing schools switch authorizers to avoid contract termination).

To avoid any doubt, even where the contract specifically provides for automatic termination on the expiration of the remedy period, it may be advisable for the innocent party to inform the breaching party of termination without prejudice to its position that the contract has terminated automatically.

In addition, employers who have avoided putting PILON clauses in their contracts so that they have the flexibility of making tax free termination payments should be warned that there is now no tax advantage to not having a clause, and in fact, by making a payment in lieu of notice where there is no entitlement in the contract has the effect of rendering any restrictive covenants void.

A contractual provision on termination can be good for both parties entering into an employment contract because it provides certainty in the event of termination, and avoids costly litigation and recourse to lawyers and courts.

That would include three principal areas: «cryptocurrency futures — a derivative contract in which each party agrees to exchange cryptocurrency at a future date and at a price agreed by both parties; cryptocurrency contracts for differences (CFDs)-- a cash - settled derivative contract in which the parties to the contract seek to secure a profit or avoid a loss by agreeing to exchange the difference in price between the value of the cryptocurrency CFD contract at its outset and at its termination; [and] cryptocurrency options — a contract which grants the beneficiary the right to acquire or dispose of cryptocurrencies.