termination for convenience

  

Definition

Standard clause in government contracts which gives the government the right to unilaterally terminate the contract at any time with or without giving any reason. The contractor is generally entitled to a negotiated settlement for an equitable recovery of costs and losses incurred. See also termination for default.

Use this term in a sentence

Related Videos




http://www.businessdictionary.com/definition/termination-for-convenience.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z