This document is intended to serve as a glossary of terminology applicable to software development and computerized systems in FDA regulated industries. It will facilitate consistency in describing the requirements of the law and regulations applicable to such products and systems. It is also a resource for investigators who conduct inspections and investigations involving software and computerized systems. The organization of this document is primarily alphabetical.
Usually it is a case of a contract expiring before weâve finished completing the services under the contract. We then draft an amendment, with an amendment effective date prior to the expiration date. The amendment references the agreement, provides for a new termination date, and then reaffirms the agreement.
If a seller does not wish to agree, the situation presents the. opportunity to cancel. The rights of either buyer or seller to terminate a contract are dependant on the precise. wording of the contract. Since there are a number of real estate purchase and sale forms in use in. the industry, there are different provisions. Some forms give the seller the right to cancel.