Breach and Termination of Contracts

Description

This Skill Bit talks about how in contract law, a breach occurs when a party fails to meet its obligations, with remedies such as damages or specific performance depending on severity. Contracts can end through performance (obligations fulfilled), mutual agreement, breach, frustration (unforeseen events), or legal provisions. Key takeaways: Breaches result from unmet obligations, and contracts terminate through performance, agreement, breach, frustration, or legal triggers, depending on circumstances and terms.

Duration approx. 3 Min.

Tier: basics