Review:
Doctrine Of Frustration
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
The doctrine of frustration is a legal principle that allows a contract to be discharged if unforeseen circumstances arise, making it impossible to fulfill the contract.
Key Features
- Legal principle
- Discharge of contract
- Unforeseen circumstances
Pros
- Provides a way to deal with unexpected events that render a contract impossible to perform
- Helps parties avoid liability for situations beyond their control
Cons
- Can lead to disputes over what constitutes 'frustration'
- May result in financial loss for one or both parties