#57484
kaindub
Flatchatter

    I think Jimmy is confusing a few things.

    The SSMA states thst the SM has to give the OC three months notice prior to the end of the  agreement. (I think the intention of the legislators was to alert OC thst the contract was ending and provide time to look for a new SM or decide what to do. In my experience most SM do not give this notice).

    I recall that there is such a clause in the SCA agreement. The reality is that this is a nothing clause. By the SSMA a management agreement ends on the date stated in the agreement, and can be no longer than 3 years.

    The SM cannot claim they did not get notice because the date of the end of the contract is in black and white.

    The OC does not need to terminate the contract in these cases as the contract extinguishes normally.