What are the limitations to move out of the contract?

  1. profile image50
    N.G.U.posted 7 years ago

    What are the limitations to move out of the contract?

    What limits the parties who signed the contract of not moving easily after the formation of the contract.

  2. onlinelawyer profile image60
    onlinelawyerposted 7 years ago

    It is usually limited by the termination clause of the contract which prescribes the method by which either party may terminate the contract.  There are some special clauses that are often inserted into particular types of contracts. For example, employment contracts often have restraint of trade clauses which mean that one party must not engage in a similar business if they terminate the contract.  However, you need to read the terms of the contract carefully to ensure that you have fully understood how it operates.

 
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