Termination for convenience

Termination for convenience,

Definition of Termination for convenience:

  1. Standard clause in government contracts which gives the government the right to unilaterally terminate the contract at any time with or without giving any reason. The contractor is generally entitled to a negotiated settlement for an equitable recovery of costs and losses incurred. See also termination for default.

Meaning of Termination for convenience & Termination for convenience Definition