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Management contracts often have cancellation clauses that take effect when business is bad.
Most residential leases do not have cancellation clauses, lawyers said.
In the past, the city has offered five-year contracts, often with 10-day cancellation clauses.
The treaty has a more liberal cancellation clause than some apartment leases.
Edison Parking, which has the contract to manage it, agreed to a 30-day cancellation clause.
Some contracts may be impossible to get out of, or may have expensive cancellation clauses.
He was free to accept the offer, he added, because he included a 60-day cancellation clause in the current contract.
"I don't think I will recommend signing any contract containing a cancellation clause.
Ticketron had reneged on a 60-day cancellation clause, choosing to pull its systems from the Forum in 10 days.
In the case of Cinema Studio, the audience was still there and probably always would have been, but the lease contained a cancellation clause.
And did you read the cancellation clause?'
There the solution is more staid - retail space leased out for 10 years with cancellation clauses in case the market turns sooner.
(These stores operated on leases with six-month cancellation clauses that were invoked in March.
"They all had six-month cancellation clauses when I came," Mr. Valiotis said.
As long as he was in the picture, M.T.A. officials said, the agency had to write a 30-day cancellation clause into all contracts with exhibitors.
'Sixty-day cancellation clause.'
But in late 1920 the Astor Estate, headed by the young Vincent Astor, announced that it would open the houses to blacks, noting that the whites were on leases with 90-day cancellation clauses.
Increasingly, hotel owners are insisting on cancellation clauses in the management contracts they give hotel chains, stipulating that they can terminate the contract if they do not like the way the hotel is being run.
Perhaps he would care to tell the House the status of cancellation clauses, what the penalties would be and what that would mean for a future Government - Conservative or Labour - who decided to cancel.
When the legislators voted tonight, with five Democrats in favor and two Republicans opposed, they added provisions to require monthly status reports from Mr. Campanelli and to give the county executive a 30-day cancellation clause.
It is an extraordinary remedy, available only if the breach is sufficiently serious or material-unless the parties have provided a cancellation clause (a lex commissoria) in the agreement, in which case the agreement takes precedence over common-law rules.
In addition, all CBS programming that had been airing on WGN-TV was moved to the new WBBM-TV, after a two-month cancellation clause, leaving WGN-TV with the quickly crumbling DuMont as its only network affiliation.