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Terminating a Construction Contract: Legal Issues and Considerations - Webinar

  • ID: 4760479
  • Webinar
  • April 2019
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Understand the risk of terminating a construction contract and why it is a last resort.

Sometimes your only option left is to terminate the construction contract on a project. Perhaps every chance at dispute resolution has failed. Maybe the material breaches by one party will never be resolved by remedies or damages recoverable under the contract. Subcontractor liens on the project have caused irreconcilable differences between the owner and general contractor. Whatever the reason prompting termination of a construction contract, there are a number of legal issues and considerations to keep in mind. Termination, after all, affects everyone on the project.

This topic will address contract termination from the perspective of owners, developers, contractors and design professionals, discuss the risk of terminating a construction contract and why it is legally a last resort, look at contract clauses and terms that specify termination rights and remedies, and identify the best way to terminate a construction contract. Case examples will be provided to consider under circumstances familiar to all working in the construction industry.

Learning Objectives
  • You will be able to define what it means to terminate a construction contract.
  • You will be able to describe the pros and cons to terminating a construction contract.
  • You will be able to discuss risks and remedies governing contract termination.
  • You will be able to review contracts and circumstances to determine whether termination is advisable.
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Termination - Last Resort on the Project
  • Termination Risks and Remedies
  • Standard and Popular Termination Terms
  • Default and Material Breach
How to Terminate the Right Way
  • Notice and Cure Opportunities
  • Legal Defenses
  • Termination Damages
What Does Case Law Say About Termination?
  • Contractor Wins
  • Owner Wins
  • Termination Ineffective
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Rick G. Erickson - Snell & Wilmer L.L.P.
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This webinar is designed for construction managers, engineers, project managers, contractors, subcontractors, construction professionals, presidents, vice presidents, developers, architects and attorneys.
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