Contract Termination

Nota:

• Stating that the contract won't be fulfilled in the alotted time.

1. Breaching a Contract

   Nota:

   • failure to perform promises in a contract
   1. Delegation

      Nota:

      • Transfer of a duty
      1. Injunction

         Nota:

         • court prohibitting some kind of action
         1. Mutual Release

            Nota:

            • agree to disagree and cancel/terminate contract

Nota:

• Substituting one contract for another

1. Actual Damages

   Nota:

   • damages directly related to breach
   1. Assignee

      Nota:

      • party to whom the right is tramsferred
      1. Assignment

         Nota:

         • legally transferring your rights in a contract
         1. Assignor

            Nota:

            • party who transfers rights

Nota:

• award only for injuries suffered

1. Complete Performance

   Nota:

   • when all terms of a contract have been carried out properly and completely 
   1. Consequential Damages

      Nota:

      • Damages that do not flow directly from the breach
      1. Incidental Damages

         Nota:

         • expenses indirectly due to the breach
         1. Nominal Damages

            Nota:

            • award to prove legal injury, no damages caused
            1. Punitive Damages

               Nota:

               • damages along with losses suffered as punishnment
               1. Satisfactory Performance

                  Nota:

                  • laws require that projects be completed in a satisfactory manner
                  1. Liquidated Damages

                     Nota:

                     • Anticipated damages agreed upon prior to being signed
      2. Speculative

         Nota:

         • Damages awarded based on expectations
         1. Statute of Limitations

            Nota:

            • times in which a lawsuit can be fulfilled
            1. Substantial Performance

               Nota:

               • slightly less than full performance
               1. Tender Of Performance

                  Nota:

                  • offer to perform
                  1. Wrongful Alteration

                     Nota:

                     • altering of contract that results in expel from agreement