Termination of course of dealings by notice - OSLA Provision
15 in a Nutshell™ (OSLA edition)
15. Termination by notice
Each Party may terminate this Agreement on 15 Business Days’ written notice as long as all outstanding loans have been terminated under this Agreement and the Rules.
What on earth, you might muse, is a “course of dealings”? According to www.businessdictionary.com, it is “a pattern of normal business conduct between two parties. It is established over a period involving several transactions, and may be used as a reliable indicator of how they intend to deal in the future.”
In any weather, it adds nothing but heft to this clause. This is a standard termination on notice clause. They made a much better fist of it in the GMSLA.
Clause Comparison with GMSLA
The equivalent of this clause in the 2010 GMSLA is Clause 16: Template:Gmslasnap
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OSLA Anatomy™
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