What is Repudiation of a Contract?
May 9, 2019Repudiation of contract occurs when one party refuses to perform the contractual duties as promised. Once a party has shown either through words or deeds that it is not going to perform its contractual obligations — also known as “anticipatory breach” — the other party may claim a breach of co…
DetailsHow an Assignment of Contract Works (and When It Won’t)
May 7, 2019When one party to a contract transfers the obligations and rights under that contract to another party (the assignee), this is known as an assignment of contract. The assignee is then expected to carry out all the duties under the original contract in place of the original contracting party and the other part…
DetailsThe Difference Between Void and Voidable Contracts
April 8, 2019Essentially, the difference between void and voidable contracts is enforceability: a void contract is illegal and unenforceable; a voidable contract is legal and enforceable. Void contracts A contract that is void is unenforceable, meaning that neither party has legal recourse against the other for a breach. A cont…
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