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BREACH OF CONTRACT

Case filed for damages

Case filed for quantum merit

Case file for specific performance

NAMES OF THE AGREEMENT

Notice of Cancellation of Contract

Termination of Contract

Notice of Termination of Contract

PART of Termination of Agreement

BY PERFORMANCE

ON INSOLVENCY OF PRINCIPAL

BY MUTUAL AGREEMENT

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WHAT IS termination of Agreement ?

  • When two parties or organization cancelled or terminated their agreement by a formal record. It means termination of the contractual relation between the parties to a contract.

  • A contract is said to be discharged or terminated when rights and obligations of the parties come to an end. Any legal contract can be terminated.

  • On the other hand when the parties fulfill their respective obligation their liability under the contact. Comes to an end the contract is said to be discharged.

In which reason the agreement can be terminated

TERMINATION OF AGREEMENT

BY THE ACTS OF THE PARTIES

  • BY MUTUAL AGREEMENT

  • BY THE PRINCIPAL

  • BY THE AGENT


BY THE OTHER CAUSES

  • BY PERFORMANCE

  • BY LAPSE OF TIME

  • BY BREACH OF CONTRACT

  • BY IMPOSSIBILITY OF PERFORMANCE

BY THE OPERATION OF LAW

  • ON EXPIRY OF FIXED PERIOD

  • ON INSOLVENCY OF PRINCIPAL

  • ON PRINCIPAL BECOMING AN OTHER ENEMY

  • ON DEATHS OF EITHER PARTIES OR IF EITHER PARTIES BECOME OF UNSOUND MIND

  • ON COMPLETION OF THE BUSSINESS OF AGREEMENT

  • ON DISSOLUTION OF COMPANY

  • ON DESTRUCTION OF TE OBJECT MATTER

Breach of contract

It is a process of terminated an agreement. IF a party refuses to perform his respective obligations the breach of contract take place. It is legal cause of action and it is a binding agreement.

Which cases the breach of contract following by the law ?
  • Case filed for rescission of the contract

  • Case filed for damages

  • Case filed for quantum merit

  • Case file for specific performance

  • Case file for injection

Other names of the agreement

  • Notice of Cancellation of Contract

  • Termination of Contract

  • Notice of Termination of Contract

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