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Concept
Modification Of Contracts
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Summary
Modification Of Contracts
refers to the process by which the
Terms of an existing contract
are altered, requiring
Agreement from all parties
involved. Such modifications must meet certain legal requirements to be enforceable, including
Mutual Consent
and consideration, unless exceptions apply.
Concepts
Mutual Assent
Consideration
Statute Of Frauds
Parol Evidence Rule
Novation
Accord And Satisfaction
Breach Of Contract
Implied Terms
Waiver
Promissory Estoppel
Modification
Relevant Degrees
Contract Law 70%
Economic Law Subjects 30%
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