When can the web marketing contract be terminated by the marketing agency?
A standard termination clause is included. This provides that either party may terminate the contract by giving to the other party at least the requisite notice in writing (30 days is suggested). Where a minimum contract term has been agreed, the notice must expire after the end of that term. In addition, either party may terminate immediately if the other party is in breach (or material breach and/or persistent breach) of the contract, or if an insolvency or bankruptcy event affects the other party.
If I sell my business as a going concern, can I assign contracts made using this template to the buyer?
The template includes an assignment clause, that can be adapted in such a way as to expressly permit assignments of the rights and obligations under the contract. That said, the law concerning the assignment of contractual rights and obligations can be subtle, and if this is an important point you should take professional advice.
Ask a question