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Discharge following breach

Certain serious breaches of a contract give the innocent party the right to cancel it. If they decide to cancel ('rescind'), they must inform the party in breach at once. The contract comes to an end from the moment the party in breach is informed of cancellation. Neither party is bound by the contract from then on. However, any obligations that arose before then (for example, obligations to pay damages for breach) survive and can be enforced.

Making a Contract  :  Last Revised: Tue Oct 9th 2018
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