What do you understand by Termination of a Contract? What are the modes by which a Contract can be terminated?
The termination of a contract signifies the conclusion of the legal relationship and responsibilities between the involved parties. Upon termination, the parties are released from their contractual obligations. Various factors can lead to termination, such as the fulfillment of the agreed-upon terms, mutual agreement, violation of contract, inability to perform, or the expiration of the … Read more