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What is known as a business continuation agreement?
The Business Continuation Agreement (BCA) guarantees the right to purchase additional life insurance coverage in the future without medical evidence of insurability. 1 It allows your business clients to increase their death benefit amount upon the death of a designated life (i.e., business partner).
What do you call the end of an agreement?
When a contract ends because all of the parties to the agreement have performed or completed all of their contractually stipulated duties and obligations as negotiated, it is usually said that the contract has been discharged.
What is a continuation agreement?
In Partnership law, continuation agreement refers to an agreement among the partners that, in the event of dissolution, the business of the partnership can be continued without the necessity of liquidation.
What is a continuation clause?
a part of an official agreement which states that the agreement will continue after the time when it would normally end, until a new agreement is made: If you wish a partnership to continue even after the death of one of the partners, you should include a continuation clause in the partnership agreement.
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Related links
48 CFR 252.239-7013 - Term of Agreement and
(b) This agreement shall continue in force from year to year, unless terminated by either party by 30 days written notice. Termination of this basic agreement
Form of Employment Continuation Agreement - SEC.gov
THIS AGREEMENT between Westinghouse Air Brake Technologies Corporation, a Delaware corporation (the Company), and (the Executive), dated as of this day of ,
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