Contractual disputes

Where disputes arise regarding the terms of property agreements (for example claims for breach of contract, misrepresentation or misstatement and mistake), property disputes practitioners may be asked to advise on potential remedies. There are a number of remedies available in respect of contractual property disputes, depending on the nature of the dispute including:

RemedyWhen does the remedy arise and what is it?
Termination for breach/repudiation of a contract (sometimes also referred to as rescission for breach or discharge by breach)Termination for breach is available where one party accepts the other’s repudiatory breach, treating the contract as at an end. This remedy is sometimes also referred to as rescission for breach, but should not be confused with rescission in the context of misrepresentation (rescission ab initio), which gives rise to a different remedy (see below). Unlike rescission ab initio, termination for breach does not unravel the contract from the beginning, ie it does not affect rights and obligations which have already been performed. Where there is a repudiatory breach, the party who is not in breach can elect to continue the contract, claiming damages for the breach, or to

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Powered by Lexis+®
Latest Property Disputes News
View Property Disputes by content type :

Popular documents