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Partial Termination Of Contract for Hong Kong

Partial Termination Of Contract Template for Hong Kong

A formal legal document governed by Hong Kong law that enables parties to terminate specific portions or aspects of an existing contract while maintaining the validity and enforceability of the remaining provisions. This document carefully delineates which parts of the original agreement are being terminated, specifies the continuing obligations, and addresses the consequences of the partial termination. It incorporates Hong Kong's common law principles and relevant statutory requirements, ensuring compliance with local legal frameworks while providing a clear mechanism for modifying existing contractual relationships.

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Partial Termination Of Contract

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What is a Partial Termination Of Contract?

The Partial Termination of Contract document is a sophisticated legal instrument used when parties need to terminate specific aspects of their contractual relationship while preserving others. This document is particularly relevant in Hong Kong's dynamic business environment, where complex commercial relationships often require flexible solutions. It becomes necessary when circumstances change that affect only certain parts of a contract, such as specific service lines, product categories, or geographical territories. The document must comply with Hong Kong's common law system and relevant ordinances, providing clear provisions for the termination scope, continuing obligations, and any necessary settlements. It's commonly used in situations involving long-term commercial relationships, complex service agreements, or multi-faceted business arrangements where a complete termination would be unnecessary or disadvantageous.

What sections should be included in a Partial Termination Of Contract?

1. Parties: Identification of all parties to the original contract and this termination agreement

2. Background: Recitals explaining the original contract details, reason for partial termination, and context

3. Definitions: Definitions of key terms, including references to the original contract and terminated portions

4. Scope of Termination: Precise identification of which parts of the original contract are being terminated

5. Effective Date: The date when the partial termination becomes effective

6. Continuing Obligations: Specification of which contract provisions remain in force

7. Settlement of Rights: Treatment of any accrued rights, obligations, or payments up to the termination date

8. Mutual Release: Release of liabilities related to terminated portions while preserving rights for continuing portions

9. Governing Law: Confirmation of Hong Kong law as governing law

10. Execution: Signature blocks and execution details

What sections are optional to include in a Partial Termination Of Contract?

1. Transition Arrangements: Used when there's a need for transitional period or handover process

2. Return of Property: Include when physical or intellectual property needs to be returned related to terminated portions

3. Confidentiality: Additional confidentiality provisions if not adequately covered in surviving provisions

4. Payment Adjustments: Include when the partial termination requires price or payment modifications

5. Third Party Rights: Include when the partial termination affects rights of third parties

6. Dispute Resolution: Additional dispute resolution provisions if needed for termination-specific matters

7. Communications: Include when specific notification requirements for the termination process are needed

What schedules should be included in a Partial Termination Of Contract?

1. Schedule 1 - Terminated Provisions: Detailed list of specific clauses, sections, or obligations being terminated

2. Schedule 2 - Surviving Provisions: Comprehensive list of provisions that will continue in force

3. Schedule 3 - Settlement Terms: Details of any financial or operational settlements required

4. Appendix A - Original Contract: Copy of the original contract for reference

5. Appendix B - Transition Plan: If applicable, detailed plan for implementing the partial termination

6. Appendix C - Payment Calculations: If applicable, calculations showing adjusted payments or settlements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Consent Form

Cost

Free to use
Relevant legal definitions






























Clauses






























Relevant Industries

Financial Services

Technology

Manufacturing

Real Estate

Construction

Professional Services

Retail

Telecommunications

Healthcare

Energy

Transportation

Education

Hospitality

Media and Entertainment

Relevant Teams

Legal

Procurement

Commercial

Operations

Finance

Risk and Compliance

Business Development

Contract Management

Project Management

Corporate Affairs

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Chief Legal Officer

Business Development Manager

Procurement Manager

Project Manager

Operations Director

Risk Manager

Compliance Officer

Chief Financial Officer

Company Secretary

General Manager

Account Manager

Partnership Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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