Reasons for Non-renewal Sample Clauses
The "Reasons for Non-renewal" clause defines the circumstances under which a party may choose not to renew an agreement at the end of its term. This clause typically outlines specific grounds, such as unsatisfactory performance, changes in business needs, or regulatory requirements, that justify a decision not to continue the contractual relationship. By clearly stating acceptable reasons for non-renewal, the clause helps manage expectations and reduces the risk of disputes, ensuring both parties understand the conditions under which the agreement may come to a natural end.
Reasons for Non-renewal. The reasons for non-renewal shall not be arbitrary or capricious, nor wholly unrelated to job performance.
Reasons for Non-renewal. If your supplier gives notice that he does not intend to renew any franchise agreement, the act requires that the reason for non-renewal must be either one of the reasons for termination listed immediately above, or one of the reasons for nonrenewal listed below. Failure to agree on changes or additions to franchise. If you and your supplier fail to agree to changes in the franchise that your supplier in good faith has determined are required, and your supplier's insistence on the changes is not for the purpose of preventing renewal of the franchise, your supplier may decline to renew the franchise.
Reasons for Non-renewal. If your supplier gives notice that he does not intend to renew any franchise agreement, the Act requires that the reason for non-renewal must be either one of the reasons for termination listed immediately above, or one of the reasons for non-renewal listed below.
A. Failure to agree on changes or additions to franchise. If you and your supplier fail to agree to changes in the franchise that your supplier in good faith has determined are required, and your supplier’s insistence on the changes is not for the purpose of converting the leased premises to a company operation or otherwise preventing the renewal of the franchise relationship, your supplier may decline to renew the franchise.