Termination Clauses That Work  Convenience vs Clause

 By the end of this Power Lab, participants will:

1. Understand Termination Options: Learn the key differences between termination for convenience and for cause.
2. Draft Balanced Clauses: Create termination terms that align with risk management and strategic goals.
3. Navigate Disputes: Develop strategies for handling potential challenges and disputes during termination.

• Risk Managers: Ensure contracts offer exit strategies that minimize risk.
• Legal Professionals: Gain expertise in drafting enforceable termination clauses.
• Contract Negotiators: Develop skills to negotiate flexible termination terms.

Topics and Activities

Introduction (10 minutes)

• Why termination clauses matter in IT contracts.
• Key risks and benefits of termination for convenience vs. cause.

Instruction (20 minutes)

• Key elements of effective termination clauses (notice periods, remedies, and obligations).
• Balancing vendor protections with organizational flexibility.
• Best practices for avoiding disputes and ensuring enforceability.

Interactive Lab (50 minutes)

• Scenario #1   Clause Drafting: Revise a termination clause to address unclear language and balance risk.
• Scenario #2   Dispute Resolution: Role-play managing a termination scenario with a vendor.
• Group discussion: Share lessons learned and explore alternative approaches.
  

Wrap-Up and Q&A (10 minutes)

• Recap of key takeaways for crafting termination clauses.
• Open forum for participant-specific questions and challenges.
  

What are ICN's Power Labs?

ICN’s Power Labs are a series of interactive, 90-minute workshops designed specifically for IT procurement professionals. Each Power Lab focuses on practical, real-world challenges faced in IT contract management, vendor negotiations, and risk mitigation. With expert-led instruction and hands-on exercises, these workshops deliver actionable skills that participants can immediately apply to enhance their roles and drive organizational success.