12/20/2023 0 Comments Material breach of agreement![]() ![]() ![]() It makes contract management much more streamlined and efficient, meaning happier parties and clearer contracts. The clause library helps ensure that your exemption clauses are written correctly, and it improves the speed and efficiency of drafting contracts.Ĭontract lifecycle management software can also greatly support the entire contract management process from negotiation to renewals. For this reason, it is a good idea to have a clause library created by a lawyer before you start drafting your own contracts. To be successful, you need to prove that a breach of contract occurred and that the exemption clause was valid. However, they can sometimes be difficult to enforce in court. These clauses exempt the company from liability if they are found to be at fault for the breach of contract. To stay safe in case of a breach of contract, many companies add exemption clauses to their contracts. While less-than-ideal situations happen when dealing with contracts, working preventatively to ensure they are as rare as possible is essential. Preventative actions for a fundamental breach of contract If a company has no other means of paying damages and there’s no need to maintain a good relationship with the offending party, this is often the best move to make.
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