🗞️ Early termination notice

This legal template is designed to facilitate the process of issuing an Early Termination Notice under the International Swaps and Derivatives Association (ISDA) Master Agreement, specifically under the jurisdiction of United Kingdom law. The ISDA Master Agreement is a widely used standard contract for over-the-counter (OTC) derivatives transactions between parties globally.

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.