Substantial compensation in the event of contract termination
The principal terminated the contract unilaterally. Through negotiation, a significantly higher settlement was secured.
The Case
An entrepreneur had an ongoing contract for services involving significant financial interests. The principal decided to unilaterally terminate the partnership, without taking into account the agreements or the contractor’s position.
What Was at Stake
The termination had an immediate impact on the contractor’s income and threatened the company’s continued operation. The lump-sum payment offered by the principal was disproportionate to the damages incurred.
The Strategy
I adopted a firm negotiating strategy. The focus was on the contractual agreements and what each party could reasonably expect from the other, based on reasonableness and fairness. By combining legal precision with a practical approach, I was able to build the necessary pressure.
The result
The contractor received a significantly higher payment than the principal had initially been willing to pay. No legal proceedings were necessary. The contractor was able to continue running his business.
Result
Practice Areas
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