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Potential termination liability

Sum of money (that includes all costs and fees) which a non-performing contracting party must pay to the other (aggrieved) contracting party. See also termination liability.

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  • Part of Speech: noun
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  • Industry/Domain: Law
  • Category: Contracts
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Related terms

potential termination liability
Law; Contracts

Sum of money (that includes all costs and fees) which a non-performing contracting party must pay to the other (aggrieved) contracting party. See also termination liability.

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act no.
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coll.
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collected, coll., follows the number of an act, eg. Act No 111 Coll.

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a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

as amended
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a legislative measure altered formally by adding, deleting, or rephrasing

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