Before you take the plunge. Life after breach Part 2. Frustration and force majeure

09.11.11

 

Contracting parties are required to keep their bargains. The fact that performance subsequently becomes more difficult or less profitable does not excuse them from liability.

There are, however, some potential exceptions: occasions when the obligation to perform is relaxed or released. In this, the second part of our 'before you take the plunge - life after breach' mini series, we look at the two major exceptions and provide some practical pointers.

 

Key Contact

Clark Sargent, partner, +44 (0)121 685 2840, clark_sargent@wragge.com

David Lowe, partner, +44 (0)20 7664 0322, david_lowe@wragge.com

Andrew Smith, partner, +44 (0)121 685 2742, andrew_smith@wragge.com

This alert may contain information of general interest about current legal issues, but does not give legal advice.

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