Tag Archive for: contract

Contracts Should be a Living Thing: When Parties Fail to Negotiate Future Terms

Good contracts often provide frameworks and formulas by which parties are expected to negotiate and contractually resolve future issues and eventualities, but this can still result in disputes on interpretation and application of set frameworks and formulas.

Contractual Frustration: Frustrating is Not Frustrated

Contractual frustration relieves all parties to a contract from the requirement to perform any of their contractual obligations. What does or does not constitute frustration is often not easily discerned.