Parties to commercial contracts may wish to exit their contractual arrangements for all sorts of reasons. In many cases, they will have included in their contract a right to terminate in particular circumstances, and a process for doing so. Even where there is no express right to terminate, parties may be entitled to terminate under the general law for a counterparty’s breach.
But termination is a drastic step and should never be taken lightly. If a party gets it wrong, it may itself be in breach of contract, giving the counterparty a right to terminate or claim damages or both.
In our latest contract disputes practical guide, we consider when a contract may be terminated and the implications of termination, and provide some practical tips for commercial parties.
You can click here to download the PDF guide or here to access our webinar exploring these issues.
The other guides in the contract dispute series are available on our Litigation Notes blog.
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