Welcome back to our new series of ‘back to basics'
blog in which we will provide posts focused on common legal issues.
This blog post looks at termination of contract, and the various
ways in which contractual obligations could be brought to an
end.
Why terminate a contract?
Parties enter into contracts in order to ensure mutually agreed
obligations are enforceable by law. However, circumstances may
change overtime: the contract may no longer be commercially
beneficial, the other party may not be performing their
obligations, or external circumstances – such as the COVID-19
pandemic – may render the contract unfeasible or detrimental
to a contracting party. As a result, a party may wish to find means
by which to bring the contract to end.
