Common use of Termination and Nonrenewal Clause in Contracts

Termination and Nonrenewal. The Charter Contract may be terminated or not renewed upon any of the following grounds: (1) failure to demonstrate satisfactory academic achievement for all students, including the requirements for pupil performance contained in the contract; (2) failure to meet generally accepted standards of fiscal management; (3) violations of law; or (4) other good cause shown. If a contract is terminated or not renewed under this paragraph, the school must be dissolved according to the applicable law and the terms of the Charter Contract.

Termination and Nonrenewal. The Charter Contract may be terminated or not renewed upon any of the following grounds: (1) failure to demonstrate satisfactory academic achievement for all students, including the requirements for pupil performance contained in the contract; (2) failure to meet generally accepted standards of fiscal management; (3) violations of law; or or (4) other good cause shown. If a contract is terminated or not renewed under this paragraph, the school must be dissolved according to the applicable law and the terms of the Charter Contract.