PARTIAL TERMINATION Meaning and
Definition
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Partial termination refers to the act or process of terminating or ending only a portion or part of a larger agreement, contract, or relationship. It typically occurs when one party involved in the arrangement wishes to discontinue a specific aspect or element of the overall agreement while keeping the remaining terms intact.
In legal and business contexts, partial termination is often utilized to modify or adjust contractual obligations or duties without completely nullifying the entire agreement. This means that even though a portion of the agreement is terminated, the rest of the contract continues to remain valid and enforceable.
Partial termination may arise for various reasons, such as dissatisfaction with a particular aspect of the agreement, financial constraints, changes in circumstances or business models, or the need to realign priorities. It allows the parties involved to adapt or alter their original agreement while preserving the overall framework.
The terms and conditions for partial termination are typically outlined within the initial agreement or contract, providing guidance on how such terminations can be implemented without disrupting the entire arrangement. It often requires approval or agreement from all parties involved to ensure fairness and legality in the modification process.
Overall, partial termination offers flexibility to parties involved in a contractual relationship, enabling them to make adjustments as necessary without completely severing the entire agreement.
Common Misspellings for PARTIAL TERMINATION
- oartial termination
- lartial termination
- 0artial termination
- pzrtial termination
- psrtial termination
- pwrtial termination
- pqrtial termination
- paetial termination
- padtial termination
- paftial termination
- pattial termination
- pa5tial termination
- pa4tial termination
- parrial termination
- parfial termination
- pargial termination
- paryial termination
- par6ial termination
- par5ial termination
- partual termination
Etymology of PARTIAL TERMINATION
The word "partial" is derived from the Latin word "partialis", which means "part" or "portion". It has been used in English since the late 15th century to describe something that is incomplete or limited.
The term "termination" comes from the Latin word "terminatio", which means "boundary" or "end". It has been used in English since the late 14th century and refers to the act or process of ending or concluding something.
When we combine "partial" and "termination", we get the phrase "partial termination". This phrase is used to describe the act of ending or terminating only a part or portion of something, rather than ending it in its entirety.
