CORRECTIONS CORP OF AMERICA/MD
TERMINATION AGREEMENT
<DOCUMENT>
<TYPE>EX-10.48
<SEQUENCE>18
<FILENAME>g67883ex10-48.txt
<DESCRIPTION>TERMINATION AGREEMENT
<TEXT>

<PAGE>   1
                                                                   EXHIBIT 10.48


                      TERMINATION AGREEMENT WITH RESPECT TO
                    SERVICE MARK AND TRADE NAME USE AGREEMENT

        This TERMINATION AGREEMENT WITH RESPECT TO SERVICE MARK AND TRADE NAME
USE AGREEMENT (the "Agreement") is entered into as of September 29, 2000, by and
among Prison Realty Trust, Inc., a Maryland corporation formerly known as Prison
Realty Corporation ("Prison Realty"), Corrections Corporation of America, a
Tennessee corporation formerly known as Correctional Management Services
Corporation ("CCA"), Prison Management Services, Inc., a Tennessee corporation
and successor in interest to Prison Management Services, LLC, a Tennessee
limited liability company ("PMSI"), Juvenile and Jail Facility Management
Services, Inc., a Tennessee corporation and successor in interest to Juvenile
and Jail Facility Management Services, LLC, a Tennessee limited liability
company("JJFMSI"), and CCA Acquisition Sub, Inc., a Tennessee corporation and
wholly owned subsidiary of Prison Realty ("Sub"). Sub is a party to this
Agreement for the purpose of acknowledging and consenting to the agreements of
Prison Realty, CCA, PMSI and JJFMSI contained herein.

                              W I T N E S S E T H:

         WHEREAS, Prison Realty and CCA are parties to that certain Service Mark
and Trade Name Use Agreement, dated December 31, 1998 (the "CCA Service Mark and
Trade Name Use Agreement"), a copy of which is attached hereto as Exhibit A;

         WHEREAS, Prison Realty, CCA and Sub are parties to that certain
Agreement and Plan of Merger, dated June 30, 2000, pursuant to which CCA will
merge with and into Sub with Sub being the surviving corporation (the "Merger");

         WHEREAS, pursuant to Section 7.21 of that certain Amended and Restated
Credit Agreement, dated August 4, 1999, by and among Prison Realty as Borrower,
certain of its subsidiaries as Guarantors, those parties identified as the
Lenders thereunder, Lehman Commercial Paper Inc. ("Lehman") as Administrative
Agent, Societe Generale as Documentation Agent, The Bank of Nova Scotia as
Syndication Agent, and Southtrust Bank (formerly known as Southtrust Bank, N.A.)
as Co-Agent, as amended by the terms of that certain Waiver and Amendment, dated
June 9, 2000, by and between Prison Realty and Lehman as Administrative Agent on
behalf of the Lenders, Prison Realty has agreed to cause the termination of the
CCA Service Mark and Trade Name Use Agreement in connection with, and at the
time of, the consummation of the Merger;

         WHEREAS, (i) PMSI and CCA are parties to that certain Service Mark and
Trade Name Use Agreement, dated December 31, 1998 (the "PMSI Service Mark and
Trade Name Use Agreement"), and (ii) JJFMSI and CCA are parties to that certain
Service Mark and Trade Name Use Agreement, dated December 31, 1998 (the "JJFMSI
Service Mark and Trade Name Use Agreement," and together with the PMSI Service
Mark and Trade Name Use Agreement, the "Service Companies Service Mark and Trade
Name Use Agreements"), copies of which are attached hereto as Exhibit B; and


<PAGE>   2

         WHEREAS, the Service Companies Service Mark and Trade Name Use
Agreements are subject to termination upon the expiration or termination of the
CCA Service Mark and Trade Name Use Agreement.

         NOW, THEREFORE, in consideration of the premises, and other good and
valuable considerations, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree that the CCA Service Mark and Trade Name
Use Agreement shall be, and hereby is, terminated and shall be of no further
force or effect, effective as of the completion of the Merger; provided,
however, that the Service Companies Service Mark and Trade Name Use Agreements
shall not be terminated as the result thereof and shall remain in full force and
effect.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                    PRISON REALTY TRUST, INC.


                                    By:  /s/ John D. Ferguson
                                         ---------------------------------------
                                    Its:  President and Chief Executive Officer
                                         ---------------------------------------


                                    CORRECTIONS CORPORATION OF AMERICA


                                    By:  /s/ Darrell K. Massengale
                                         ---------------------------------------
                                    Its:  Secretary and Chief Financial Officer
                                         ---------------------------------------


                                    PRISON MANAGEMENT SERVICES, INC.



                                    By:  /s/ Darrell K. Massengale
                                         ---------------------------------------
                                    Its:  President
                                         ---------------------------------------


                                    JUVENILE AND JAIL FACILITY
                                    MANAGEMENT SERVICES, INC.



                                    By:  /s/ Darrell K. Massengale
                                         ---------------------------------------
                                    Its:  President
                                         ---------------------------------------


                                    CCA ACQUISITION SUB, INC.



                                    By:  /s/ Darrell K. Massengale
                                         ---------------------------------------
                                    Its:  President
                                         ---------------------------------------


<PAGE>   3
                                   EXHIBIT A

                            [intentionally omitted]
</TEXT>
</DOCUMENT>
