Q&As

Can I terminate a fixed-term commercial contract early?

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Published on LexisPSL on 24/02/2014

The following Commercial Q&A provides comprehensive and up to date legal information covering:

  • Can I terminate a fixed-term commercial contract early?
  • Can I terminate a fixed term commercial contract early?
  • It depends, but probably not
  • Conclusion

Can I terminate a fixed-term commercial contract early?

Can I terminate a fixed term commercial contract early?

We have a contract with another organisation, which is for a fixed term. However, we would like to terminate the agreement early, even though the other organisation has not breached the contract.

It depends, but probably not

The exact answer, as always, depends and you will need to take a close look at the contract to see exactly what its terms provide. Consider how clearly the fixed term is defined, and if there are any terms in the agreement that would be incompatible with a fixed term agreement. If so, you may be able to argue that you are entitled to terminate the contract before the fixed term ends.

Otherwise, you may need to rely on one of the following grounds to terminate the agreement early:

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