Terminating Contract

Description

terminating contracts
lalaryan8847
Mind Map by lalaryan8847, updated more than 1 year ago
lalaryan8847
Created by lalaryan8847 over 8 years ago
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Resource summary

Terminating Contract
  1. Accord and satifsaction

    Annotations:

    • substiute for one contract 
    1. Actual Damages

      Annotations:

      • damages directly to breech 
      1. Anticipatory Breech

        Annotations:

        • notify that a  party to the contact will not fufill their part 
        1. Assignee

          Annotations:

          • party to whom right is transfrews 
          1. assignment

            Annotations:

            • leagally transfering your rights in a contract 
            1. Breaching a contract

              Annotations:

              • wrongful failure to prefirm 1 or more promises in a contract 
              1. Compensatory Damages

                Annotations:

                • award for injuries suffered 
                1. complete performances

                  Annotations:

                  • all terms have been carried out properly and completly 
                  1. Consequential Damages

                    Annotations:

                    • damages do not flow directly from the breach 
                    1. Delegation

                      Annotations:

                      • transfer of duty 
                      1. incidental damages

                        Annotations:

                        • reasonable expenses that arise indirectly from breach of a contact 
                        1. injuction

                          Annotations:

                          • court order that prevents a party from preforming an act  
                          1. liquidated Damages

                            Annotations:

                            • damages before the contract has been sighned 
                            1. mutual release

                              Annotations:

                              • each side releases 
                              1. nominal damages

                                Annotations:

                                • award to prove legal injury 
                                1. punitive damages

                                  Annotations:

                                  • damages in excess of losses 
                                  1. Satisfatory preformance

                                    Annotations:

                                    • requires completecontract 
                                    1. Speculative

                                      Annotations:

                                      • damages awarded not on fact but on expectations 
                                      1. statue of limitations

                                        Annotations:

                                        • individual states have a time limit on lawsuits to be filed 
                                        1. tender preformance

                                          Annotations:

                                          • offer to preform
                                          1. wrongful alteration

                                            Annotations:

                                            •  any altering of a contract will stop the agreement 
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