Varying a Contract

Question 1

What is required to terminate a contract early when both sides have yet to perform?

Answer 1

Nothing

Question 2

What is required to terminate a contract early when one side has performed fully already?

Answer 2

Fresh consideration, or a deed

Question 3

What is required if both parties agree for partial performance (actual agreement and not just because a party was forced to accept partial performance)?

Answer 3

A revised price, or else the amount will be assessed on a quantum meruit basis

Question 4

What is required to vary an agreement?

Answer 4

Fresh consideration, or a deed or a waiver

Question 5

What type of term is a party breaching, if they don’t allow the other party to perform their obligations?

Answer 5

Breach of condition