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Contract Termination For Convenience

Contract Termination For Convenience Template for Switzerland

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Key Requirements PROMPT example:

Contract Termination For Convenience

"I need a Contract Termination For Convenience document under Swiss law to end a software development agreement with our vendor, with termination effective March 1, 2025, including provisions for code handover and ongoing maintenance of existing systems."

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Document background
The Contract Termination For Convenience document is essential in Swiss business practice when parties wish to end their contractual relationships amicably and without attributing fault. It is commonly used when business circumstances change, strategic priorities shift, or parties simply agree that continuing the contract no longer serves their interests. This document, governed by Swiss law, particularly the Swiss Code of Obligations (Obligationenrecht), must carefully balance the rights and obligations of all parties while ensuring compliance with Swiss legal requirements regarding contract termination. It typically includes provisions for notice periods, final settlements, property returns, and ongoing obligations such as confidentiality. The document is particularly valuable in complex business relationships where a clear framework for termination and transition is necessary to minimize disruption and potential disputes.
Suggested Sections

1. Parties: Identification of the contracting parties, including full legal names and addresses

2. Background: Reference to the original agreement being terminated, its date, and brief context

3. Definitions: Key terms used in the termination agreement, including reference to defined terms in the original agreement

4. Termination Date: Clear specification of the effective date of termination

5. Notice Period: Details of any applicable notice period and how it will be handled

6. Payment Obligations: Overview of any final payments, settlement amounts, or financial adjustments

7. Return of Property: Requirements for returning any physical or intellectual property

8. Confidentiality: Confirmation that confidentiality obligations survive termination

9. Mutual Release: Release of claims between parties related to the terminated agreement

10. Surviving Provisions: Identification of original agreement provisions that survive termination

11. Governing Law: Confirmation of Swiss law as governing law and jurisdiction

Optional Sections

1. Transition Assistance: Required when there needs to be a handover period or transition of services

2. Employee Matters: Necessary when termination affects staffing or requires transfer of employees

3. Intellectual Property Rights: Required when there are IP rights to be allocated or licensed post-termination

4. Non-Compete Obligations: Include when post-termination competitive restrictions apply

5. Insurance and Indemnities: Needed when specific risks need to be allocated post-termination

6. Data Protection: Required when personal data processing is involved and needs post-termination handling

7. Third Party Rights: Include when termination affects rights of third parties or requires their consent

Suggested Schedules

1. Schedule of Final Payments: Detailed breakdown of all final payments, including termination fees

2. Asset Register: List of assets to be returned or transferred between parties

3. Transition Plan: Detailed timeline and responsibilities for transition activities

4. Outstanding Obligations: List of any continuing obligations post-termination

5. Contact Details: Key contacts for managing the termination process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Original Agreement
Effective Date
Termination Date
Notice Period
Parties
Confidential Information
Intellectual Property Rights
Transition Period
Transition Services
Outstanding Obligations
Final Payment
Termination Fee
Return Date
Company Property
Representatives
Surviving Provisions
Business Day
Force Majeure Event
Governing Law
Jurisdiction
Related Entities
Settlement Amount
Mutual Release
Relevant Documentation
Completion Certificate
Handover Materials
Exit Plan
Post-Termination Obligations
Termination Notice
Relevant Industries

Technology

Manufacturing

Professional Services

Financial Services

Healthcare

Construction

Retail

Telecommunications

Energy

Transportation

Real Estate

Software Development

Consulting

Pharmaceuticals

Relevant Teams

Legal

Procurement

Commercial

Operations

Finance

Risk & Compliance

Business Development

Contract Administration

Supply Chain

Vendor Management

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Commercial Director

Chief Legal Officer

Business Development Manager

Project Manager

Account Manager

Operations Director

Risk Manager

Compliance Officer

Chief Financial Officer

General Counsel

Vendor Manager

Supply Chain Manager

Industries
Swiss Code of Obligations (OR) Art. 1-40: General provisions of Swiss contract law, including formation and interpretation of contracts
Swiss Code of Obligations (OR) Art. 115-117: Provisions regarding the termination of obligations by mutual agreement and waiver
Swiss Code of Obligations (OR) Art. 404: Specific provisions regarding termination of mandate contracts, which can be terminated at any time by either party
Swiss Civil Code (ZGB) Art. 2: Principle of good faith in exercising rights and fulfilling obligations, which applies to contract termination
Swiss Code of Obligations (OR) Art. 335-335c: While primarily for employment contracts, these articles provide guidance on notice periods that may be referenced for other contract types
Swiss Federal Act on Unfair Competition (UWG) Art. 8: Provisions regarding unfair contract terms, particularly relevant when termination clauses are pre-formulated
Swiss Code of Obligations (OR) Art. 377: Provisions regarding early termination of work contracts, including compensation calculations
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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