Termination Clause
Categories: Company Management, Bonds
It's in the contract between UPS and Amazon. And Amazon has placed in the $300-million-a-year delivery contract the clause, "...and should there exist over 10,000 driverless cars and/or over 25,000 registered delivery drones in operational status, as reported monthly by TechCrunch, then this contract shall immediately terminate."
Amazon is protecting itself from the likely much higher UPS rates versus those of solar-powered, electric drones that never go on strike. Amazon's lawyers will have cleverly inserted this termination clause in the distribution contract so that they are "ready for the future," more or less.
What does UPS then...do? Maybe portable bounce houses?
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