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Seldom are the stakes higher than when a contracting party defaults raising the possibility of termination. Assessing the right to terminate, the practical and legal risks associated with termination, the ability to arrange for a completing contractor (either directly or through a performance bond surety) and the financial impact of termination are all construction legal issues best handled by experienced and seasoned attorneys who have previously been through such an ordeal.
We have extensive experience in dealing with problems caused by default and termination. Drafting and negotiating completion and takeover agreements, negotiating with both upstream and downstream entities to ensure their continued participation on the project, and seeking appropriate equitable relief by way of injunctions are but a few of the hands-on approaches our attorneys have taken in default or termination situations.
Attorneys / Contract Default and Termination
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