If the other party has broached the agreement
2006-09-26 16:40:15
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answer #1
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answered by Anonymous
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Some agreements have an exit clause, like "Either party may terminate this agreement by giving ____ days notice to the other"
Another reason to terminate an agreement is if the other party(s) has violated one of the principal terms of the agreement, such as following a schedule of payment of funds. Or a delivery of goods or a service by a specified date.
If the other party hasn't given you just cause to terminate the agreement, then there may be a stated early exit clause that requires you to pay a penalty to the other party.
In the city where I live there is a "Buyers Remorse" statute that allows a signer to back out of any agreement within a certain period of time after taking up the agreement. (I think it's 24hrs).
Most agreements carry a clause that states that whether or not there is a clause to the contrary, that all Federal, State, & Municipal laws shall apply to this agreement. In other words if you can't find a way out of your agreement stated directly in the terms & conditions, then there still may be a way out somewhere in applicable statutes.
That's all I know, but there may be lot's more out there. Keep looking if you don't find it here.
2006-09-26 16:59:57
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answer #2
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answered by No More 7
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If the other party breaches the agreement. Or if there are circumstances that arise, that were authorized as a basis for termination, then it can be ended.
2006-09-26 16:42:09
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answer #3
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answered by Speaking_Up 5
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if either party is in breach of it. Is it a verbal or written agreement??
2006-09-26 16:40:36
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answer #4
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answered by ktjokt 3
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If it's a written contract and something that is promised is not followed through on, then the contract is broken.
2006-09-26 16:40:44
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answer #5
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answered by Barnish 1
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when there is fruad involve in the agreement and when the agreement is expired already...
2006-09-26 16:55:56
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answer #6
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answered by brockenpromise 1
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