No-fault termination: Difference between revisions
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Conclusion of one’s {{tag|contract}}ual arrangements without any hot-headedness, jabbing fingers or hurt feelings. Terminating a contract by delivering notice, and announcing, apropos nothing in particular, that it’s time to move on. | {{g}}Conclusion of one’s {{tag|contract}}ual arrangements without any hot-headedness, jabbing fingers or hurt feelings. Terminating a {{t|contract}} by delivering notice, and announcing, ''apropos'' nothing in particular, that it’s time to move on. | ||
To be contrasted with [[event of default|termination with extreme prejudice]]. | To be contrasted with [[event of default|termination with extreme prejudice]]. | ||
Fun fact: There is ''no'' means to terminate an {{isdama}} on notice. Either you go [[Full Metal Jacket]] | Fun fact: There is ''no'' means to terminate an {{isdama}} on notice. Either you go [[Full Metal Jacket]] — and even then you can’t finally kill it — or [[Hotel California]]. That’s right: without some special pleading — involving garlic, wooden stakes and the [[agreement]] of the parties, an [[Undead ISDA|ISDA]] cannot die. | ||
{{ | {{sa}} | ||
*[[Events of default]] | *[[Events of default]] | ||
*[[Nosferatu]] | |||
*[[Undead ISDA]] | |||
*[[Termination event]]s | *[[Termination event]]s | ||
*[[Close out]] | *[[Close out]] | ||
Revision as of 14:41, 28 November 2019
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Conclusion of one’s contractual arrangements without any hot-headedness, jabbing fingers or hurt feelings. Terminating a contract by delivering notice, and announcing, apropos nothing in particular, that it’s time to move on.
To be contrasted with termination with extreme prejudice.
Fun fact: There is no means to terminate an ISDA Master Agreement on notice. Either you go Full Metal Jacket — and even then you can’t finally kill it — or Hotel California. That’s right: without some special pleading — involving garlic, wooden stakes and the agreement of the parties, an ISDA cannot die.