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Commercial Impracticability
A legal doctrine allowing parties to suspend or terminate their contractual obligations when unexpected events fundamentally alter the nature of the contract and performance becomes unfeasibly burdensome.
Substantial Performance
A concept in contract law where a party has completed enough of the contract to warrant payment, though some minor elements may still need to be finished.
Construction Industry
A sector of the economy focused on the planning, designing, and building of infrastructure and buildings.
Frustration Of Purpose Doctrine
The Frustration of Purpose Doctrine is a legal principle allowing contract parties to be relieved from performing their obligations when an unforeseen event undermines the contract’s original purpose.
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