Be ready to meet the challenges that terminating a contract may cause.
Owners, contractors, subcontractors, and CMs are all greatly impacted by the termination of a contract. Critical decisions have to be made regarding when and how to terminate contracts and how to implement a contract termination. This topic will provide you with fundamental rules regarding terminations for private, public, and federal contracts. It will also discuss challenging the termination decision and making termination claims.
Learning Objectives
- You will be able to identify what grounds are sufficient to terminate a contract for cause.
- You will be able to recognize the pros and cons of terminating for convenience as an alternative to terminating for the cause.
- You will be able to explain the key differences in termination for convenience clauses.
- You will be able to review the types of costs which can be recovered pursuant to a termination for convenience.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Terminations for Default
- Termination for Default Clauses
- Conditions for a Termination for Default
- Premature Terminations
- What Constitutes a Material Breach?
- Curing a Default
- What to Do When You Terminate a Party for Default
- Related Surety Issues
Termination for Default Damages
- Common Law
- Contract Clauses
Terminations for Convenience
- What Can You Terminate for Convenience?
- Advantages of a Termination for Convenience
- Termination for Convenience Clauses
- Cost Recovery After a Termination for Convenience
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 7, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.0
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Larry P. Lubka
Hunt Ortmann Palffy Nieves Darling & Mah, Inc.
- Senior counsel at the law firm of Hunt Ortmann Palffy Nieves Darling & Mah, Inc. in Pasadena
- 35 plus years of experience in complex contracts, including commercial contracts, UCC agreements, and state, local, and federal government contracts
- Has given several hundred seminars on construction law across the country
- Has been a Best Lawyer, Super Lawyer, and Top Lawyer for over a decade
- Co-wrote sections of California Construction Law, wrote scores of articles, including articles in the Constructor
- Publishes regular articles on the Lubka & White website
- Member of the California Bar and several Federal courts
- J.D. degree, with honors, George Washington University Law Center; B.A. degree, Columbia University
- Can be contacted at [email protected] or Hunt Ortmann Palffy Nieves Darling & Mah, Inc. 301 N. Lake Avenue, 7th Floor, Pasadena, CA 91101, or 626-440-5200
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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