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GLS Checklist: Termination Clause
US$99
The Problem: You need to review/prepare a Termination Clause
You need to know what to look for when reviewing a termination clause.
Related challenges include:
- the termination clause may allow the other party to exit the agreement too easily or at short notice
- you may not realise the agreement can be terminated for convenience without meaningful protection for your business
- you may miss termination triggers which are vague, subjective or heavily one-sided
- you may not know whether breaches can be remedied before termination rights arise
- you may not identify termination rights linked to funding, restructuring or change of control events
- you may overlook provisions allowing immediate suspension or termination without proper escalation procedures
- you may not understand what payment, refund or liability consequences apply following termination
- you may fail to identify survival clauses which continue important obligations after the agreement ends
- you may assume termination clauses are standard boilerplate when they often allocate major commercial risk
- you may not know what termination positions are reasonable, negotiable or unacceptable for your business model
The web has lots of checklists – but are they any good?
The GLS Solution: An intuitive checklist to guide you through the key issues in a Termination Clause Agreement.
GLS checklists™ flag the key issues you need to be aware of in a wide range of corporate and commercial agreements so that you can be confident in the agreement you are reviewing/signing.
This checklist is for a Termination Clause.
Useful to both legal teams and lay-persons, this GLS Checklist™ flags the issues that ought to be considered when reviewing an agreement of this type.
GLS Checklists™ distill years of professional legal experience into a simple and easy to follow checklist that helps you step through the issues.
Remember, its not what you know that is usually the problem - its what you don't know. So, let this checklist help you conduct your review.
Be sure also to carefully explore the Trading Line on the GLS Startup Legal Journey Map - all the intelligence presented there is available to you for free and answers a wide range of common Trading related queries Founders might have.
In particular, check out the Sales Agreements Stations.
There are plenty of checklists found on the Web but few are regularly maintained by a legal services group dedicated to empowering you to achieve more yourself.
Check out the solution sample on the right to decide if this checklist is what you are looking for.
Problem solved.
Deliverables: A world class Termination Clause Checklist
Checklist Assets & Benefits
| GLS Checklist: | You will receive a high-quality GLS Checklist structured for efficient and practical legal review - comprising an intuitive Y/N review framework, drafting tips, recommendations, and examples. It couldn't be easier to follow. |
| Delivery: | In most cases, your checklist will be delivered instantly to your dedicated “My Legal Department” channel within the GLS Startup Support Centre. |
| GLS Discount: | As a purchaser of a GLS Checklist, you will be entitled to a 10% credit on any subsequent GLS review solution (i.e. Overflow or Kickstarter) that you purchase in relation to the relevant Agreement or Issue Checklist. |
| GLS Legal On Call (Free) | Following your purchase, you will instantly qualify for inclusion in the GLS Legal On Call (Free) solution - giving you, in effect, access to up to 30 minutes of in-house lawyer time. |
| Checklist Voucher: | We will also provide you with a 20% discount voucher code for any additional GLS Checklists that you purchase within 90 days of your initial checklist order. |
| Constant Updates: | All our templates are regularly updated to track emerging market practices. |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $99 | 7 mins |
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US$99.00
excl GST
