Month: February 2018

termination on bankruptcy

Are “Termination on Bankruptcy” Contract Clauses Enforceable?

What exactly is a “termination on bankruptcy” clause? Do you have them in your business contracts? Has someone pulled out of a contract with you based on this provision? A “termination on bankruptcy” clause is standard in most business contracts. It allows one party to terminate the contract if the other party is bankrupt, insolvent, …

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