Legal Question in Business Law in Oregon

"Termination of contracts"

Two annual service contracts were signed in November of 1997, these contracts were to be in effect for the calender year of 1998. In December of 1997 I was handed a memo stating that as of March 31,1998, the contracts would not be honored. The company that terminated the contracts said I could submit a new bid, for lower amounts for the service.


Asked on 1/04/98, 1:33 pm

1 Answer from Attorneys
Lawrence Glosser Law Office of Lawrence S. Glosser

Termination of Contracts

Your desrciption of the facts does not provide enough information to give a complete answer. One would have to review the contracts and events surrounding the contract to determine if it is a valid contract. Assuming the contract is valid, it may contain provisions regarding termination. Those types of termination provisions are common in contracts and are often valid and enforceable. If this is a matter in Washington state, please feel free to contact my office for further information.

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Answered on 1/16/98, 2:12 am


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