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White graduation cap icon CLC 006  Contract Terminations

Contract Terminations

There are many ways to terminate the obligations of a contract. Most often, parties conclude their contract obligations by performing them. However, sometimes problems arise, and parties cannot or will not complete their obligations under the contract. By completing this Online Training (OLT) course, you will be able to prepare and process a termination notice when appropriate. You will accomplish the following objectives:

  1. Determine the need for a contract termination
  2. Determine the steps to terminate a contract for convenience
  3. Determine the steps to terminate a contract for cause
  4. Determine the steps to terminate a contract for default

REQUIRED PREREQUISITES

None

PREDECESSOR COURSES

TARGET AUDIENCE

NOTES

  • Any exams in this course must be passed with a minimum score of 80%.
  • There is no time limit for completing this course.
  • After completing the course, please be sure to complete the survey at the end.
  • The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).