Termination for Convenience – amount payable

The Court of Appeal of the Supreme Court of Queensland has held that a valid termination for convenience did not require the principal to pay the remainder of the contract value. Despite the lump sum, the construction of the contract did not require extrinsic evidence to show that the contractor should be entitled to more than for those services actually performed up to the date of termination. [Case ref: Velvet Glove Holdings Pty Ltd v Mount Isa Mines Ltd [2011] QCA 312]