When entering into a contract (like with any
relationship), no one expects it to go pear shaped and end in
tears. So, what happens when the awkward silences and name calling
are all too much and it's time to cut your losses and get
out?
Terminating a contract is pretty straightforward when your
contract has clear termination provisions. But we get it, there are
times when in the heat of the moment no contract was signed, or
perhaps what you did sign was pretty basic and had no termination
clauses. Stop stressing; all hope is not lost. Here are a couple of
options:
Option 1: Breach
First thing to work out is if there has been a breach of the
contract by the other side. If so, then we may have just solved
your problem. In order to terminate for this reason, the breach
must be of an essential term (which is a really important one, e.g.
to pay the fees) or be a sufficiently serious breach of a
non essential term (which is a less important term, e.g. to deliver
the