Management and Organizational Studies 2275A/B Chapter Notes - Chapter 9: Interlocutory Injunction, Fundamental Breach, Punitive Damages

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

When parties enter into a contract, there are several ways in which it can be brought to an end known, in law, as termination : When all implied and express promises have been fulfilled ex. Contract to buy and sell house, contract to provide audit. This doesn"t mean the end of commercial relationship. Performance by others: law distinguishes between those who are contractually obligated to perform and those who actually do the necessary work. Vicarious performance: performance of contractual obligations through others. If boss assigns you work, no one else can do it, you can use employees vicariously to perform a contract as long as it is not an express or implied term of a contract. Through agreement (voluntary agreement to end contract or paying sum to the other side) Parties enter agreement that becomes unfavourable, they can: Enter in new contract, novation: the substitution of parties in a contract or the replacement of one contract with another.