Mind map
Understanding contract law
Map content
Understanding contract law
accord and satisfaction
- substitute one contract for another
actual damages
- damages directly related to breach
anticipatory breach
- notified that a party will not fullfill their part by the end of the termination
assignee
- party to whom the rights are given
assignor
- party who gives the rights
compensatory damages
- payment for injuries and damages
- satisfactory
- both agree
injunction
- court order that prevents a party from preforming an act
breaching a contract
- failure to perform one or ore promises
complete promises
- all terms have been completed properly
delegation
- trnasfer duty
consequential damages
- damages that do not fall under breach
incidential damages
- reason expenses that arise indirectly from breach of contract
nominal damages
- award to prove legal
mutual release
- both parties release each other from contract
liquidated damages
- anticipated damages agreed
punitive damages
- damages in excess
tender of performance
- offer to perform