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
Related Questions & Answers
-
Can I collect accounts receivable on a business that is closed? Asked 7/29/10, 4:02 pm in United States Nevada Business Law
-
I live in Nevada and want to sign a promissory note to family in California. What... Asked 7/27/10, 1:19 pm in United States Nevada Business Law
-
What is my culpability if I hire a contractor without a business to do work on my... Asked 7/27/10, 11:43 am in United States Nevada Business Law
-
I own a small business that incurrs bad debt, if i send that bad debt to a... Asked 6/24/10, 2:11 pm in United States Nevada Business Law
-
I have a online website which I have hosted one big advertiser's Ads/Banners on my... Asked 5/26/10, 2:23 pm in United States Nevada Business Law