This episode is a re-run. It was originally published in April 2024.
Termination clauses can end your company overnight if you’re not ready. Most construction businesses don’t realise how one bad contract clause can wipe out months of cash flow and leave them stuck on site with no payment and no way out. In this episode, we break down how to protect yourself before you sign, how to handle termination for convenience, and what to do if they try to terminate you unfairly. We also cover the single biggest mistake subcontractors make when walking off-site and how to avoid it. If you're in construction, you can't afford to miss this one. Listen up!
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Timestamps:
(1:24) - Termination is one of the company-ender clauses in a contract
(2:16) - If they breach the contract or if they default on the contract, what happens then?
(3:28) - Termination for convenience
(5:10) - It's all about how much money do I lose? Am I going to be compensated for demobilizing? Is that going to be fair?
(7:55) - They have to demonstrate that you have defaulted
DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.
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