Legal Question in Business Law in Nevada
Does an agreement have to provide for the right to terminate for breach for both parties or can it be just one party?
Asked on 8/08/10, 4:31 pm
2 Answers from Attorneys
Jeffrey Cogan
Jeffrey A. Cogan, Esq., Ltd.
Just one party is okay. If you want a professional review of the agreement, you may email me at [email protected]
Answered on 8/17/10, 2:58 am
James Smith
James E. Smith Ltd.
Usually one party can terminate the agreement if the other party breaches the contract and the other party cannot cure the breach. However, for one party to terminate the contract without a breach there must be standards set forth in the contract to allow unilateral termination by the one party, e.g., such as a quota or deadline is not met.
Answered on 8/17/10, 6:17 am
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