Common termination agreements
- Thread starter eldavis
- Start date
That is why I always insist that every contract must have a release clause. Tastes and preferences change which can affect your ability to see out an agreement. With a release clause, you can buy yourself out.
Another agreement to termination of contract is that the party terminating it should inform the other party within a specific period. Meaning that you cannot terminate a contract suddenly, otherwise, you will pay that fee.
That's the right procedure the other party is notified about the contract termination one month before and not instantly. The case may be brought to court if termination is within 24 hours upon receipt of the notice. It's unconstitutional.
I believe that people should always negotiate and give room for termination of agreements. This would save some unnecessary headache and heartache. Termination of agreements should be negotiated to mutual consent m I believe so much in the power of negotiation.
I agree about the power of negotiation. The two parties must set a condition to finish the contract as what was first agreed to avoid headache and dismal feeling. It's also a kind of insult to the second party involved or whoever between them.
That's always the case at work if resign but the office must be informed one month to find a replacement or substitution. The contract then will be invalidated upon resigning to its immediate effect.
Month is to much. In my case week, maximum two is best time interval. In school system you know who can work on some positions and they don't have special trening so it is much easier find replacement.
Ours here one month and those who left without notice to the heads after receiving the last salary are sued because employees contract are authenticated by the university lawyer and prosecutors.
Those who resigned here faithfully needs to clear his or her office table and surrender the key and everything property of the university. No one resigns without following the protocol.
- Thread starter
- #34
Yes this is why most business owners tend to go through legal means when signing the contract in the first place, so when any party is at fault, they can easily get justice for themselves or not have to suffer much losses.
