Home Q&A Forum is exit clause and termination clause same

Corporate

Cancellation Agreement

Alaska

Asked on Aug 26, 2021

is exit clause and termination clause same

nil

Answers from 1 Lawyer

Answer

Corporate

Alaska

Answered 1751 days ago

Jane C.

ContractsCounsel verified

Business Lawyer
Licensed in Connecticut, District of Columbia, New York
Free Consultation
View Jane C.
4.9 (147)
Member Since:
October 8, 2020

It truly depends on the context in which they are being used. Both clauses outline the terms under which you get out of the contract.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
Meet some lawyers on our platform

Allen L.

277 projects on CC
CC verified
View Profile

Heather B.

164 projects on CC
CC verified
View Profile

Ryenne S.

983 projects on CC
CC verified
View Profile

Steven S.

84 projects on CC
CC verified
View Profile

People Also Asked

Business

Cancellation Agreement

Texas

Asked on Mar 17, 2023

Can an equipment finance contract be cancelled before the equipment has been delivered and any money exchanged?

I signed the agreement in Oct 2022 waiting for equipment to deliver in early April 2023.

View Matthew S.
4.7 (6)

Matthew S.

Answered Apr 11, 2023

Yes, if the seller is in breach of the contract by delaying either because there was a deadline or the delays are unreasonable, you can cancel the contract.

Read 1 attorney answer>

Business

Cancellation Agreement

New York

Asked on Nov 16, 2021

How can I cancel the signed building repair contract in new york?

I have signed a contract to do repair work of home and it is in the last phase. The contract includes the work to the done and the amount allocated and it does not contain any clauses or date of completion for each phase. Currently, the contractor is not coming for work and not responding to emails and phone calls. 90% of work is done for paid work. No money is paid for pending work. I want to hire a new contractor. Is sending a letter indicating the contract is terminated due to non progress and pending work for paid amount is enough ?

View Jane C.
4.9 (147)

Jane C.

Answered Nov 26, 2021

I suggest you send the contractor an email and mail a written letter to him stating that you will not be completing the job with him.

Read 1 attorney answer>

Corporate

Articles of Incorporation

Florida

Asked on Mar 28, 2021

When do I need articles of incorporation?

I want to start an LLC in Florida and have read about articles of incorporation. I want to understand what they are used for.

View Jane C.
4.9 (147)

Jane C.

Answered Mar 29, 2021

You need articles of incorporation when you start a business, open a business bank account, and apply for a tax identification number. Disclaimer - This information is provided for general informational purposes only. No information contained in this post should be construed as legal advice and does not establish an attorney-client relationship.

Read 1 attorney answer>

Limited Liability Company

LLC Operating Agreement

Florida

Asked on Aug 8, 2021

What happens to LLC when member dies?

I want to create an operating agreement that explains what happens with the business in case one of the members died. We have an LLC. We want to create an operating agreement that states how the business will keep working in case one of our members dies.

View Forest H.
5.0 (67)

Forest H.

Answered Aug 23, 2021

There are provisions to add to an operating agreement to address the death or incapacity of a member. Feel free to contact me if you would like to discuss how to move forward.

Read 2 attorney answers>

Corporate

Founders' Agreement

Texas

Asked on Sep 12, 2021

Signing Founders Agreement as non-us resident?

I am from Ecuador and I am going to sign a Founder's Agreement with a person from Texas. I want to know in detail what are things I must take into consideration before signing this agreement.

View Jane C.
4.9 (147)

Jane C.

Answered Sep 17, 2021

I would look at the provisions related to taxes, intellectual property, and non compete provisions. I suggest you review the terms with an attorney before signing.

Read 2 attorney answers>

Find lawyers and attorneys by city