My Study Stuff

05/11/2011

intermediate term

Filed under: Business,Law — anlactunay @ 7:01 AM

intermediate term
Contractual term the breach of which does not automatically discharge the innocent party from its obligations under the contract or entitle an injured party to damages. A court or an arbitrator must evaluate the seriousness of the breach and its effects before any such decision can be made. See also innominate term.

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