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6 answers

If the other party has broached the agreement

2006-09-26 16:40:15 · answer #1 · answered by Anonymous · 0 0

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 · answer #2 · answered by No More 7 · 0 0

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 · answer #3 · answered by Speaking_Up 5 · 0 0

if either party is in breach of it. Is it a verbal or written agreement??

2006-09-26 16:40:36 · answer #4 · answered by ktjokt 3 · 0 0

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 · answer #5 · answered by Barnish 1 · 0 0

when there is fruad involve in the agreement and when the agreement is expired already...

2006-09-26 16:55:56 · answer #6 · answered by brockenpromise 1 · 0 0

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