Examlex
Suppose the courts declare that XYZ Corporation violated the antitrust laws and as a result the ABC Corporation lost $100 million of profits.XYZ Corporation will have to pay ABC Corporation a monetary award of:
Option To Terminate
A provision in a contract that allows one or more parties to end the agreement under certain conditions, before the completion date.
Force Majeure
A major, unforeseen, or unanticipated event that occurs and prevents the performance of a contract.
Frustrated Contracts Act
Legislation that deals with contracts that, through no fault of either party, cannot be fulfilled due to unforeseen events.
Termination Clause
A provision in a contract that outlines the conditions under which the agreement can be ended prior to the completion of its term.
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