Скачать или смотреть Contract Termination: Discharge Methods, Rescission, Accord, and Novation Explained

In this video, we delve into the various ways contracts can be terminated or discharged. Whether you’re studying contract law or simply interested in how contractual obligations can end, this video provides a clear overview of key concepts including:

Complete Performance: How fulfilling all contractual duties leads to discharge.
Rescission: The process of canceling a contract and releasing all parties from their obligations.
Accord and Satisfaction: Understanding how an agreement performs differently and its completion can discharge the original contract.
Substituted Agreement: How replacing an existing contract with a new one discharges the old agreement.
Novation: The delegation of duties to a third party with the consent of the original parties, and how it releases the original party from liability.

We break down each method with examples to illustrate how they function in real-world scenarios. Perfect for business students, legal professionals, or anyone interested in contract law!

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