Terminating Contracts

Anotações:

• substitute one contract for another

Anotações:

• damages DIRECTLY related to breach

Anotações:

• notified that a party to the contract will not fulfill their part of the contract prior to the required time of the fulfillment

Anotações:

• party to whom the right is transferred

Anotações:

• legally transferring your RIGHTS in a contract

Anotações:

• party who transfers the rights

Anotações:

• wrongful failure to perform one or more promises in a contract

Anotações:

• award for only injuries suffered - nothing more

Anotações:

• all terms have been carried out properly and completely

Anotações:

• damages that DO NOT flow directly from the breach 

Anotações:

• transfer a duty

Anotações:

• reasonable expenses that arise INDIRECTLY from breach of a contract

Anotações:

• court order that prevents a party from performing an act

Anotações:

• anticipated damages that agreed upon prior to contract being signed

Anotações:

• each side releases the other side from the contract

Anotações:

• award to prove legal injury but no damages caused

Anotações:

• damages in excess of losses suffered in order to punish a party for breach

Anotações:

• law requires that services be completed in a satisfactory manner

Anotações:

• damages awarded not on fact but on expectations from contract fulfillment

Anotações:

• individual states have a time limit on lawsuits to be fined

Anotações:

• slightly less than full performance

Anotações:

• offer to perform

Anotações:

• any altering or changing of a contract will discharge parties to the agreement