Talk About: -London Mechanics' Institute

question 115

Essay

Talk about:
-London Mechanics' Institute

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Definitions:

Frustration

A legal doctrine that excuses parties from fulfilling their contract obligations due to unforeseen circumstances rendering the contract impossible, illegal, or radically different.

Frustrating Event

An unforeseen event that significantly changes the conditions of a contract, making it impossible to fulfill and potentially voiding the agreement.

Contract Frustration

A legal doctrine that allows a contract to be discharged when an unforeseen event renders contractual obligations impossible, or fundamentally changes the principle purpose of the contract.

Force Majeure Clause

A contract provision that frees parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.