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In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.
Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $ 350 fee if the customer breaks the contract.
In 2009, ODEC proposed building a coal plant in Dendron, Virginia. [3] In 2010, ODEC agreed to purchase the output of the Criterion Wind Project under a 20 year contract. [4] Northern Virginia Electric Cooperative was a member of the cooperative until 31 December 2008, when it terminated its contract. [5]
The 2nd challenge of the contract award had left the issue in limbo since spring 2023. Judge finally rules on $45B WA nuclear site contract affecting thousands of workers Skip to main content
In the United States, Part 49 of the Federal Acquisition Regulation (FAR) establishes policies and procedures relating to the complete or partial termination of contracts for the convenience of the Government, alongside making provision for termination due to the default of the contractor. When it is in the government's interest, the FAR ...
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Such broker fees were previously banned in 2020 under a package of renter protection laws passed by the state. But they were quickly reinstated following a lawsuit led by the Real Estate Board of ...
The Virginia Clean Economy Act (HB 1526 and SB 851) was signed into law by Governor Ralph Northam in 2020. The bill establishes a renewable energy portfolio standard (RPS), which mandates that the two utilities in the state, Dominion Energy Virginia and Appalachian Electric Power, produce 100 percent renewable electricity by 2045 and 2050 ...