TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TERMINATION FEE [2 records]

Record 1 2021-03-15

English

Subject field(s)
  • Law of Contracts (common law)
  • Labour and Employment
PHR

employment contract termination fee

French

Domaine(s)
  • Droit des contrats (common law)
  • Travail et emploi
PHR

frais de résiliation du contrat de travail

Spanish

Save record 1

Record 2 2010-06-17

English

Subject field(s)
  • Commercial Law
  • Finance
CONT

A break fee or "bust-up fee", as it is sometimes called is a payment employed by the target corporation for the purpose of enticing another competitive bidder to enter the fray. It is paid to the competitive bidder when its bid fails or is superseded by a better offer.

French

Domaine(s)
  • Droit commercial
  • Finances
DEF

Indemnité versée à un acquéreur potentiel d'une entreprise dans le cas où l'opération envisagée n'est pas conclue pour des raisons stipulées dans une convention, notamment l'acceptation par le vendeur d'une offre concurrente.

OBS

La convention dans laquelle l'indemnité est prévue porte le nom de break-up fee agreement ou de termination fee agreement (convention d'indemnité de rupture des négociations).

Spanish

Save record 2

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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