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.
termination for convenience is in the Agreements & Contracts, Corporate, Commercial, & General Law and Purchasing & Procurement subjects.
termination for convenience appears in the definitions of the following terms: termination for default and termination
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