The economic impact of the Covid-19 pandemic is still unclear. As healthcare organizations look to decrease operating expenses, the termination without cause provision may be crucial to financial stability.
Healthcare organizations must consider whether contracts include termination without cause provisions and create a strategy for terminating contracts that are no longer feasible or necessary.
a) Determine whether contracts include termination without cause provisions
b) Detect termination without cause notice periods
c) Identify notice requirements (delivery, contact and address)
a) Draft termination notices in accordance with the contracts
b) Send termination notices to contracting parties
c) Store termination notices
Send an email to your designated PHIL mailbox, attaching the contracts that need to be reviewed.
PHIL automatically converts the attached contracts into AI readable format, then:
PHIL promptly replies to your email and includes the Termination Without Cause AI Analysis.