All of you guys need a dictionary and some basic legal knowledge.
It is true that many contracts can be terminated "for cause" by one party or the other, or "without cause" by one party or the other. ANY contract can be terminated at ANY time by mutual agreement of the parties. Many contracts have "automatic renewal" provisions, and a non-renewal can be for any reason -- the decision could have been made for ANY reason (including poor performance, or just a better deal elsewhere, or the services are no longer needed, or cost-cutting), or no reason. There's no need to allege cause for termination, when you can just non-renew. So Creede, you're mostly correct.
However, a non-renewal or termination of a contract is NOT a "rescission," which basically terminates the contract as of the date it was originally executed and unwinds everything that was done under the contract.
Also, that Milo guy doesn't seem to know what "in lieu of" means.
All in all, reading the gobbledygook in those posts gives me a headache. I'm outta here. |
