terminating contracts

Terminating a contract with no end date

In practice, we come across commercial agreements of varying types (Contracts) that, for whatever reason, don’t provide for a term or an end date (Expiry Date).   There may have been reasons for this at the time that can no longer be recalled.   It raises a number of issues, particularly where the subject matter of the Contract is not the performance of a discrete set of obligations, but is rather the basis of an on-going relationship.  The most obvious problem that arises in such circumstances is where both parties are performing their obligations under the Contract, but for whatever reason one party (Terminating Party) wishes to bring the Contract to an end. [Read more…]

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