Provisions in a contract that give one party (normally the purchaser) the right to walk away for any reason (or no reason) at any time. Sometimes these provisions include an “exit right for a price” to compensate the contractor for its unrecovered mobilization and demobilization costs.
Procurement Courses
For Individuals
- PSPP: Procurement program for individual
- CMP: Contract Management Program – Essentials for Individuals
For Teams
- PSPP: Procurement program for Team
- CMP Contract Management Program – Essentials for Teams
- Webinars: Webinars for my Team
Disclaimer: The views and opinions expressed in this article are those of the Subject Matter Experts and do not necessarily reflect the official policy or position of The Procurement School.