Concerned about a possible economic downturn

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Reference no: EM133214785

RedCorp is entering into a contract with a company called BlueCorp. RedCorp is concerned about a possible economic downturn and wants to be able to terminate the contract if its business suffers losses. Which of the following clauses would provide RedCorp the maximum amount of flexibility in deciding whether to terminate the contract?

a. "Either party may terminate this Agreement without liability, for any reason in its sole discretion, by providing ten calendar days' written notice of termination to the other party."

b. "Either party may terminate this Agreement without liability, for good cause, by providing ten calendar days' written notice of termination to the other party."

c. "If a party breaches this Agreement and fails to cure such breach within thirty calendar days following receipt of written notice from the non-breaching party of such breach, the non-breaching party shall have the right, upon written notice to the breaching party, to immediately terminate this Agreement."

Reference no: EM133214785

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