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Terminating a commercial contract

  • 21-07-2014 9:29pm
    #1
    Rainbow77
    Registered Users, Registered Users 2 Posts: 3 ✭


    Hi,

    I'm currently in a loss making contract. The duration of the contract is, 'for a maximum of three years on a year by year basis', can I terminate it after year two and what notice do I need to give? Any help would be appreciated


Comments

  • #2
    NoQuarter
    Registered Users, Registered Users 2 Posts: 4,632 ✭✭✭NoQuarter


    No termination clause in the contract?


  • #3
    Rainbow77
    Registered Users, Registered Users 2 Posts: 3 ✭Rainbow77


    No term included to terminate, only if a breach occurs


  • #4
    conorh91
    Registered Users, Registered Users 2 Posts: 3,328 ✭✭✭conorh91


    OP nobody can advise you on a contract without having had sight of that contract. Especially not someone on the internet.


  • #5
    Rainbow77
    Registered Users, Registered Users 2 Posts: 3 ✭Rainbow77


    Is the question in relation to the duration of contract not set out clear enough in the initial comment


  • #6
    Pro Hoc Vice
    Closed Accounts Posts: 6,087 ✭✭✭Pro Hoc Vice


    Rainbow77 wrote: »
    Is the question in relation to the duration of contract not set out clear enough in the initial comment

    How can a person advise on one sentence of a contract, without sight of the whole document, any communication before hand and the information of the person who signed the contract. Also the industry norms may effect anyone's view of the issue of termination.

    If I print a sentence from a book could you tell me what the book is about. If you want real advice based on real information ask a solicitor.

    So while your question is clear any answer can not be. If anyone gives you such advice without sight of at least the whole document then I would be very wary of such advice.


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