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Termination Clauses

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Chapter Summary

This chapter focuses on termination and synonymous clauses in international commercial contracts. It gives extensive attention to the various elements of these clauses. To understand termination clauses, an overall perspective is also needed including their various elements, other contract clauses and the factual background of the circumstances under which these clauses have been or are to be used. One should note that termination clauses in international commercial contracts tend to be standardized to a certain extent, with similar contents and wording. One cannot characterize termination clauses as boilerplate clauses that are copied from one contract to another not only within the same company or law firm but also across the legal profession. The chapter deals only with general problems of the law of contract and obligations regarding termination. Termination clauses in international commercial contracts are often influenced by the nature of these contracts.

Keywords: boilerplate clauses; contract clauses; international commercial contracts; obligations; termination clauses



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