Termination for Convenience
A clause allowing one or both parties to end the contract without cause, typically after providing advance written notice and paying for work completed.
What it means
Termination-for-convenience clauses let a party exit a contract without proving breach. They typically require a defined notice period (30, 60, or 90 days), payment for work performed up to the termination date, reimbursement of non-cancellable commitments, and sometimes a wind-down fee. These clauses are distinct from termination for cause, which requires proof of a material breach.