New York and New Jersey Businesses: Do Your Contracts Have an Exit Strategy?

by Dan Brecher on June 28, 2012

When negotiating a New York or New Jersey business contract, the parties are often hesitant to talk about what happens if the deal doesn’t work out as planned. However, every contract needs a clearly articulated exit strategy.

By exit strategy, we mean what happens if one party wants to terminate the contract early or one party breaches the terms of the agreement. In flushing out these issues during contract negotiations, below are some of the most important issues to address: