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What is Understanding Intermediate Terms in Contracts about?

This document classifies contract terms into three categories: conditions, warranties, and intermediate terms. Conditions are essential terms that if breached give the innocent party the right to terminate the contract and claim damages. Warranties are subsidiary terms where a breach only entitles the innocent party to damages and does not allow termination. Intermediate terms can be breached in either a major or minor way - a major breach allows termination while a minor breach only allows damages. The doc

Author

i n b

Language

EN