Terminate for Convenience
Convenience termination, also known as terminate for convenience, is a type of contract termination that occurs when one party ends the agreement because it is more convenient for them to do so. This can happen for a variety of reasons, such as a change in business circumstances or a better opportunity arising. While terminate for convenience clauses are included in many contracts, they can be controversial because they allow one party to unilaterally end the agreement without any penalty.