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Contract topics

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There are a number of ways terms may be classified which may impact upon remedies available for breach. For example:

  • terms classified as conditions will, if breached, allow the innocent party to terminate the contract;
  • terms classified as warranties (less important terms) will generally only permit the innocent party to claim damages for breach.

Consequently, it is necessary to understand how courts will classify the terms of a contract.

Detailed discussion forthcoming