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Contract
A contract is a legally enforceable agreement between two or more parties with mutual obligations.
Commercial Impracticability
A doctrine under which a seller may be excused from performing a contract when (1) a contingency occurs, (2) the contingency’s occurrence makes performance impracticable, and (3) the nonoccurrence of the contingency was a basic assumption on which the contract was made.
Foresee
The ability to anticipate or predict future events or outcomes based on current knowledge or analysis.
Performance
Relates to how effectively a company, employee, or system operates to meet its objectives or targets.
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