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First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.
The credit card issuer may extend an attractive offer that makes it worth your while to stay, such as waiving the annual fee for a year, lowering your interest rate or issuing bonus rewards.
Hardship clause is a clause in a contract that is intended to cover cases in which unforeseen events occur that fundamentally alter the equilibrium of a contract resulting in an excessive burden being placed on one of the parties involved.
Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...
A moral clause within contracts is used as a means of holding the individual or party / parties to a certain behavioral standard so as not to bring disrepute, contempt or scandal to other individuals or parties to the contract and their interests. It attempts to preserve a public and private image of such a party to the contract.
When we posted last week addressing what is a good credit score and how to get one, we got lots of feedback. It seems that a lot of people these days are concerned about their credit scores -- not ...