Contract Termination And Discharge
Expert-defined terms from the Professional Certificate in Contract Law for Non-Lawyers course at London School of Planning and Management. Free to read, free to share, paired with a professional course.
Abandonment refers to the act of giving up or relinquishing a contract or… #
In the context of Contract Termination and Discharge, abandonment can occur when one party fails to perform their obligations or shows no intention of fulfilling their duties under the contract. Related terms include repudiation and breach of contract.
Acceptance is a crucial concept in contract law, referring to the agreeme… #
In the context of Contract Termination and Discharge, acceptance can be relevant when determining whether a contract has been validly formed or terminated. Related terms include offer, consideration, and intention to be bound.
Accord and satisfaction is a doctrine that allows parties to a contract t… #
In the context of Contract Termination and Discharge, accord and satisfaction can provide a means for parties to amicably resolve disputes and terminate their contract. Related terms include compromise, settlement, and release.
Anticipatory breach occurs when one party to a contract indicates ,… #
In the context of Contract Termination and Discharge, anticipatory breach can provide the other party with the right to terminate the contract and seek remedies. Related terms include repudiation, breach of contract, and termination for convenience.
Assignment of contract refers to the transfer of rights and obligation… #
In the context of Contract Termination and Discharge, assignment of contract can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include delegation, novation, and privity of contract.
Breach of contract occurs when one party fails to perform their obliga… #
In the context of Contract Termination and Discharge, breach of contract can provide the other party with the right to terminate the contract and seek remedies. Related terms include repudiation, anticipatory breach, and termination for cause.
Cancellation of contract refers to the act of terminating a contra… #
In the context of Contract Termination and Discharge, cancellation of contract can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include rescission, termination for convenience, and discharge by performance.
Condition precedent is an event or action that must occu… #
In the context of Contract Termination and Discharge, condition precedent can be relevant when determining whether a contract has been validly formed or terminated. Related terms include condition subsequent, warranty, and covenant.
Consideration is something of " that is given by one party to… #
In the context of Contract Termination and Discharge, consideration can be relevant when determining whether a contract has been validly formed or terminated. Related terms include promissory estoppel, estoppel by representation, and quasi-contract.
Contract interpretation refers to the process of determining</i… #
In the context of Contract Termination and Discharge, contract interpretation can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include preamble, recitals, and boilerplate clauses.
Contract termination refers to the act of ending a contract… #
In the context of Contract Termination and Discharge, contract termination can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include cancellation, rescission, and discharge by performance.
Damages are a remedy available to a party who has suffered a lo… #
In the context of Contract Termination and Discharge, damages can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include liquidated damages, nominal damages, and exemplary damages.
Delegation of contract refers to the transfer of obligations under… #
In the context of Contract Termination and Discharge, delegation of contract can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include assignment, novation, and privity of contract.
Discharge by agreement refers to the mutual agreement of th… #
In the context of Contract Termination and Discharge, discharge by agreement can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include accord and satisfaction, compromise, and settlement.
Discharge by performance refers to the fulfillment of obligatio… #
In the context of Contract Termination and Discharge, discharge by performance can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include condition precedent, condition subsequent, and warranty.
Discharge by operation of law refers to the automatic terminati… #
In the context of Contract Termination and Discharge, discharge by operation of law can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include frustration, impossibility, and illegality.
Duress refers to the use of threats or coercion to induce a… #
In the context of Contract Termination and Discharge, duress can be relevant when determining whether a contract has been validly formed or terminated. Related terms include undue
Estoppel refers to a doctrine that prevents a party from denyin… #
In the context of Contract Termination and Discharge, estoppel can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged.
Frustration refers to the occurrence of an event or circumstanc… #
In the context of Contract Termination and Discharge, frustration can be relevant when determining whether a contract has been validly formed or terminated. Related terms include impossibility, illegality, and discharge by operation of law.
Illegality refers to the performance of an act or the existence… #
In the context of Contract Termination and Discharge, illegality can be relevant when determining whether a contract has been validly formed or terminated. Related terms include void, voidable, and unenforceable.
Impossibility refers to the occurrence of an event or circumsta… #
In the context of Contract Termination and Discharge, impossibility can be relevant when determining whether a contract has been validly formed or terminated. Related terms include frustration, illegality, and discharge by operation of law.
Injunction refers to a remedy that requires a party to perform<… #
In the context of Contract Termination and Discharge, injunction can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include specific performance, restitution, and rescission.
Intention to be bound refers to the requirement that parties to a contrac… #
In the context of Contract Termination and Discharge, intention to be bound can be relevant when determining whether a contract has been validly formed or terminated. Related terms include offer, acceptance, and consideration.
Liquidated damages refer to a specified amount of money that a par… #
In the context of Contract Termination and Discharge, liquidated damages can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include penalty clauses, damages for breach, and restitution.
Misrepresentation refers to a false or misleading statement … #
In the context of Contract Termination and Discharge, misrepresentation can be relevant when determining whether a contract has been validly formed or terminated. Related terms include duress, undue
Mitigation refers to the obligation of a party to minimize their <… #
In the context of Contract Termination and Discharge, mitigation can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include damages for breach, restitution, and specific performance.
Negotiation refers to the process of discussing and agreeing</b… #
In the context of Contract Termination and Discharge, negotiation can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged.
Novation refers to the replacement of an existing contract with a new con… #
In the context of Contract Termination and Discharge, novation can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include assignment, delegation, and privity of contract.
Offer refers to a proposal made by one party to another to enter into a c… #
In the context of Contract Termination and Discharge, offer can be relevant when determining whether a contract has been validly formed or terminated. Related terms include acceptance, consideration, and intention to be bound.
Privity of contract refers to the relationship between the parties to a c… #
In the context of Contract Termination and Discharge, privity of contract can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include assignment, delegation, and novation.
Repudiation refers to the refusal of a party to perform their o… #
In the context of Contract Termination and Discharge, repudiation can be relevant when determining whether a contract has been validly formed or terminated. Related terms include breach of contract, anticipatory breach, and termination for cause.
Rescission refers to the cancellation of a contract, which restores</b… #
In the context of Contract Termination and Discharge, rescission can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include cancellation, termination for convenience, and discharge by performance.
Restitution refers to the remedy of restoring a party to their pre #
contractual position, which can involve the return of money or property. In the context of Contract Termination and Discharge, restitution can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include damages for breach, specific performance, and injunction.
Specific performance refers to the remedy of requiring a pa… #
In the context of Contract Termination and Discharge, specific performance can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include injunction, restitution, and damages for breach.
Termination for cause refers to the right of a party to termina… #
In the context of Contract Termination and Discharge, termination for cause can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include breach of contract, anticipatory breach, and repudiation.
Termination for convenience refers to the right of a party to t… #
In the context of Contract Termination and Discharge, termination for convenience can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged.
Undue refers to the use of coercion or manipulation</… #
In the context of Contract Termination and Discharge, undue influence can be relevant when determining whether a contract has been validly formed or terminated. Related terms include duress, misrepresentation, and unconscionability.
Unconscionability refers to a contract or term that is so unfai… #
In the context of Contract Termination and Discharge, unconscionability can be relevant when determining whether a contract has been validly formed or terminated. Related terms include duress, undue
Void refers to a contract that is invalid or unenforceable from th… #
In the context of Contract Termination and Discharge, void can be relevant when determining whether a contract has been validly formed or terminated. Related terms include voidable, unenforceable, and illegality.
Voidable refers to a contract that is valid but can be avoided by… #
In the context of Contract Termination and Discharge, voidable can be relevant when determining whether a contract has been validly formed or terminated. Related terms include void, unenforceable, and illegality.
Warranty refers to a promise or guarantee made by one party to ano… #
In the context of Contract Termination and Discharge, warranty can be relevant when determining the rights and obligations of the parties involved and whether the contract can be terminated or discharged. Related terms include condition precedent, condition subsequent, and covenant.