Legal Question in Business Law in Florida

Written one year agreement with with an option to extend for an additional two y
A written agreement was signed in 1997. The agreement was for one (1) year with an additional two (2) year option. The agreement does not contain a convinience clause for termination with or without cause. However, there is a termination clause explicitly stating that either party may terminate the agreement only if there is a material breach, and the defaulting party must be notified in writing expressing such breach. There has not been any other agreement other than the original signed in 1997. There has not been any communication of default by any party. It is now 1999 and based on my reading of the two (2) year option, the agreement is currently three (3) months into the final year of said option.

First of all, by virtue of accepting continous uninturupted services and paying for said services since 1997 to the present, is this contract legally valid until the expiration date consistant with the option?

Or, can this agreement be terminated without cause?

Asked on 12/30/99, 8:48 pm

Randall Reder Randall O. Reder, P.A.

0 users found helpful

0 attorneys agreed

Re: Written one year agreement with with an option to extend for an additional t

What type of services?

What does the contract actually state? You need to

consult with an attorney who can read the entire

agreement and then discuss with you all the facts

and circumstances.

Answered on 1/03/00, 7:21 pm

Keywords

Match Any Match All

Country

State

Area of Law