This can specify what happens if performance of the contract becomes impossible due to catastrophic weather or some other unforeseen event.
Holding that any amount due Coastal must be reduced by any loss it would have incurred by complete performance of the contract, the court denied recovery to Coastal.
(1 Data first produced in the performance of the contract.
As an alternative to voiding the contract, the buyer can demand "specific performance" of the contract.
As a result of this lawful governmental action the performance of the contract was rendered impossible.
A Performance Guarantee is normally required for high value or technically complex contracts to secure the performance of the contract, including during its warranty period.
12.2 Cardinal duties are those contractual duties, performance of which enables due implementation of the contract in the first place and which the contractual partner fundamentally may rely on being performed, and the breach of which jeopardises attainment of the very purpose of the contract.
If the problems the Obamacare site is experiencing were due to a lowest-bid contractor doing some awfully shoddy computer programming, then the federal government should announce it is suing the contractor for non-performance of the contract's specifications.
The term includes any bond for indemnifying any person who shall have become bound or engaged as surety, and any bond for the due execution or performance of any contract, obligation, or requirement, or the duties of any office or position, and to account for money received by virtue thereof, where a premium is charged for the execution of such bond.
According to the performance aspect of the contracting scheme, failure to meet performance targets can result in payment cuts (up to 20% of their basic salary) and also contract termination for both FPs and FHWs.
Here we use numerical results to show the performance of the proposed contracts in different environments.
