Mind map
Contract Termination
Mind map: Contract termination
Map content
Contract Termination
Types Of Termination
- Anticipatory Breach
- Stating that the contract won't be fulfilled in the alotted time.
- Breaching a Contract
- failure to perform promises in a contract
- Delegation
- Transfer of a duty
- Injunction
- court prohibitting some kind of action
- Mutual Release
- agree to disagree and cancel/terminate contract
- Anticipatory Breach
Key Terms
- Accord & Satisfactory
- Substituting one contract for another
- Actual Damages
- damages directly related to breach
- Assignee
- party to whom the right is tramsferred
- Assignment
- legally transferring your rights in a contract
- Assignor
- party who transfers rights
- Accord & Satisfactory
Other Key Terms
- Compensatory Damages
- award only for injuries suffered
- Complete Performance
- when all terms of a contract have been carried out properly and completely
- Consequential Damages
- Damages that do not flow directly from the breach
- Incidental Damages
- expenses indirectly due to the breach
- Nominal Damages
- award to prove legal injury, no damages caused
- Punitive Damages
- damages along with losses suffered as punishnment
- Satisfactory Performance
- laws require that projects be completed in a satisfactory manner
- Liquidated Damages
- Anticipated damages agreed upon prior to being signed
- Speculative
- Damages awarded based on expectations
- Statute of Limitations
- times in which a lawsuit can be fulfilled
- Substantial Performance
- slightly less than full performance
- Tender Of Performance
- offer to perform
- Wrongful Alteration
- altering of contract that results in expel from agreement
- Compensatory Damages
Information
- Description
- This is a mind map that causes for key terms to be displayed.
- Created by
- jdavisbyhs
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