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.
Related alert
- Before you take the plunge. Life after breach - Part 1. Excluding liability
- Before you take the plunge. Life after breach – Part 2. Frustration and force majeure
- Before you take the plunge. Life after breach - Part 3. Great expectations?
- Before you take the plunge. Life after breach - Part 4. It wasn't me
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.
