Document background
This Contract With No Termination Clause is specifically designed for situations where parties intend to establish a permanent or indefinite business relationship under Hong Kong law. It is particularly valuable for ongoing service arrangements, supply relationships, or strategic partnerships where the parties prefer not to include specific termination provisions. The document addresses the complexities of permanent contractual relationships while incorporating Hong Kong's common law principles and local business practices. It includes comprehensive provisions for managing the ongoing relationship, handling disputes, and maintaining performance standards. This type of contract is commonly used in situations requiring stable, long-term business relationships, such as essential service provisions, strategic partnerships, or critical supplier arrangements. The absence of a termination clause necessitates careful consideration of performance metrics, change management procedures, and dispute resolution mechanisms.
