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Advice on termination of contracts
When a party decides ‘enough is enough’ and wants to terminate a contract, it is imperative that proper regard is given to the process which must be followed, the notices to be given and the content those notices must have. Unfortunately, subject to the exercise of any common law rights, a failure to follow the contractual process may result in one party being aggrieved at the other party’s conduct – acting unlawfully and exposing itself to a claim for substantial damages.
We always advise that you seek legal advice before terminating a contract, to ensure the process is carried out correctly. This can often save substantial costs in the long run and put a party in a much stronger position should a claim then be made.
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Contact our Construction & Development Team on 01908 692769