Termination-on-Bankruptcy Provisions: Some Proposed Language

Termination-on-Bankruptcy Provisions: Some Proposed Language

A fixture of many different kinds of business contracts is the termination-on-bankruptcy (ToB) provision. In the United States, bankruptcy law restricts enforceability of ToB provisions. Nevertheless, in certain circumstances they are enforceable; the purpose of this article is to propose model lang...

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Veröffentlicht in:Business law today 2014-06, p.1-4
Hauptverfasser: Adams, Kenneth A., Walters, Adrian J., Eisenbach, Robert L.
Format: Magazinearticle
Sprache:eng
Schlagworte:
Bankruptcy Code
Bankruptcy law
Bankruptcy trusteeship
Commercial law
Contract law
Contract provisions
Contracts
Debt contracts
Debtors
Discharge of contracts
Financial liabilities
Insolvency
Laws, regulations and rules
Remedies
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Beschreibung
Zusammenfassung:A fixture of many different kinds of business contracts is the termination-on-bankruptcy (ToB) provision. In the United States, bankruptcy law restricts enforceability of ToB provisions. Nevertheless, in certain circumstances they are enforceable; the purpose of this article is to propose model language for such circumstances.
ISSN:1059-9436
2375-8112