URGENT: Consulting agreement with one-sided termination rights (no termination-for-convenience rights for the consultant). Need advice
Hey everyone! I have received an individual consulting service agreement (master vendor agreement) that has one-sided termination rights, i.e., no termination-for-convenience rights for the consultant. Need advice in approaching this correctly.
What it exactly says:
Term: The term of this MSA shall begin on the Effective Date and shall continue until terminated as outlined herein.
Termination for Convenience: Company or Affiliate Entity may terminate the MSA or any PO or work order signed under it, without providing any reason thereof, by providing at least thirty (30) days prior written notice to the other party.
So, it appears that the company can end the deal for convenience with 30 days’ notice, but I have much less room to exit if the company causes any problem.
I have raised the issue with the person who in this case is the equivalent of a hiring manager/reporting manager/supervisor (i.e., not from Legal, HR, or Accounts team). He has verbally agreed to mutual termination-for-convenience rights and has assured me it would not pose any issue in practice but said that amending the company’s standard agreement would be a time-consuming process for which he would have to take approvals from multiple stakeholders. In short, he’s urging me to disregard the clause basis his verbal assurance.
I'd really appreciate some advice in approaching this correctly. Would recapping his verbal assurance (for mutual termination for convenience rights) through an email without any amendments in the agreement be OK?
Thanks in advance!