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  2. Impossibility of performance - Wikipedia

    en.wikipedia.org/wiki/Impossibility_of_performance

    The doctrine [1] of impossibility or impossibility of performance or impossibility of performance of contract is a doctrine in contract law.. In contract law, impossibility is an excuse for the nonperformance of duties under a contract, based on a change in circumstances (or the discovery of preexisting circumstances), the nonoccurrence of which was an underlying assumption of the contract ...

  3. Void contract - Wikipedia

    en.wikipedia.org/wiki/Void_contract

    A contract can also be void due to the impossibility of its performance. For instance, if a contract is formed between two parties A & B but during the performance of the contract the object of the contract becomes impossible to achieve (due to action by someone or something other than the contracting parties), then the contract cannot be ...

  4. Mistake (contract law) - Wikipedia

    en.wikipedia.org/wiki/Mistake_(contract_law)

    Mistake of law is when a party enters into a contract without the knowledge of the law in the country. The contract is affected by such mistakes, but it is not void. The reason here is that ignorance of law is not an excuse. However, if a party is induced to enter into a contract by the mistake of law then such a contract is not valid. [3]

  5. Frustration in English law - Wikipedia

    en.wikipedia.org/wiki/Frustration_in_English_law

    The burning down of the Surrey music hall in Taylor v Caldwell deemed a contract for its hire frustrated. Early cases such as Paradine v Jane (1647) [5] show the historical line that the courts took toward a frustration of purpose in contract; here, the courts held that where land under lease to the defendant had been invaded by Royalist forces, he was still under obligation to pay rent to the ...

  6. Hardship clause - Wikipedia

    en.wikipedia.org/wiki/Hardship_clause

    Hardship clause is a clause in a contract that is intended to cover cases in which unforeseen events occur that fundamentally alter the equilibrium of a contract resulting in an excessive burden being placed on one of the parties involved.

  7. Musk's DOGE touted slashing an $8 billion contract. It ... - AOL

    www.aol.com/news/musks-doge-touted-slashing-8...

    The ICE contract was signed in 2022 to support the agency’s Office of Diversity and Civil Rights. So far, about $2.5 million has been paid on the contract. Canceling it now saves about $5.5 million.

  8. The industry hit hardest by DOGE cuts so far (hint: it's not ...

    www.aol.com/finance/industry-hit-hardest-doge...

    The terms of that specific contract aren't known, but it's listed in the DOGE data as an indefinite delivery/indefinite quantity (IDIQ) contract, which is commonly used by the government to set ...

  9. Incomplete contracts - Wikipedia

    en.wikipedia.org/wiki/Incomplete_contracts

    Only if both contract parties have the legal capacity to sign a contract, contracts are only enforceable. Some contracts are classified by common law as illegal and unenforceable: ——Criminal or tortious contracts [39] ——Contracts to promote corruption in public office [40] ——Contracts intended to avoid paying taxes [41]