Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
What are the challenges when drafting or using termination provisions in construction contracts? Victoria Peckett, partner and head of the construction team at CMS Cameron McKenna, looks at their use and at what the future holds for termination provisions.
Not much has really changed in the last five years. There has always been a well-established practice of providing for construction contracts to be terminated in a number of scenarios. Mostly these relate to default and insolvency. So there is a well-developed procedure of including these terms in contracts. However, using them can be very contentious, so quite a few disputes about termination clauses end up as reported cases.
In my view, not particularly. Termination clauses have always been used and there have always been instances of people wanting to get out of their contractual relationships. If anything, we may see an increased use of them in the coming years--certainly in the UK market. As we come out of the recession and there is more work around, people may want to get out of work that is unprofitable. This may happen not only with one-off projects but also in the case of framework contracts. People may have signed up to these when there was not much work around but then do not want to stay in them when there is better work elsewhere to be found.
This is a good question. It depends on what you mean by abused. It is rare to see obvious cases of abuse where one pa
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234