Early Termination Notice Under ISDA Master Agreement
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🗞️ Early termination noticeBusiness activity
Notice of early terminationA early termination notice is a document that states the date when a lease will end. It is typically used when a tenant wants to move out before the lease is up. The notice must be in writing and must be signed by both the tenant and the landlord.
An Early Termination Notice refers to a contractual provision that allows one party to terminate the agreement prior to its scheduled expiry in certain circumstances, such as a default event or breach of contract by the counterparty. This template establishes a legal framework and contains standardized clauses and provisions that comply with UK law to ensure a lawful and effective termination process.
The Early Termination Notice under the ISDA Master Agreement may outline the specific triggering event justifying the termination, provide relevant details regarding the termination, including the effective termination date, the parties involved, the relevant transactions covered, and any associated calculations or obligations resulting from the termination.
By utilizing this legal template, parties can ensure compliance with UK law and efficiently navigate the process of initiating an Early Termination Notice under the ISDA Master Agreement. It provides a structured and comprehensive framework that protects the rights and obligations of the parties involved and facilitates a smooth resolution in case of termination.
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