Termination for Convenience

Termination for Convenience is a provision in contracts that allows one party to end the agreement without needing to give a specific reason. This is often included to provide flexibility, enabling the terminating party to exit the contract if circumstances change or if they no longer find the arrangement beneficial. Typically, the terminating party must provide notice to the other party, sometimes along with compensation for any costs incurred. This clause is commonly used in government contracts, construction, and service agreements to protect against unforeseen changes in needs or priorities.