What is the doctrine of frustration in a contract?

The doctrine of frustration in a contract is a legal concept that is recognized in New Hampshire courts. It states that when circumstances that were unforeseeable when the contract was written completely change the nature of the contract, making it impossible for either party to fulfill their obligations, the contract is considered frustrated and void. This means that the parties in the contract no longer have any obligation to each other. For example, if a contract was created to rent a warehouse, but then the warehouse was destroyed by a natural disaster, making it impossible for either party to fulfill their obligations, this would be cause for the contract to be frustrated. In this case, the contract would be considered void and both parties would be released from their obligations. In order for courts to recognize the doctrine of frustration, certain conditions must be met. The event must have been beyond the control of both parties; both parties must not have assumed the risk of the event when they entered into the contract; and the event must make it impossible, or significantly more difficult, for either party to fulfill their obligations. Overall, the doctrine of frustration is a legal concept that is recognized in New Hampshire, allowing for contracts to be voided and the parties released from their obligations if certain circumstances make it impossible for either side to fulfill their obligations.

Related FAQs

What is a merger clause?
What is a contract of employment?
What is the effect of a modification of a contract?
What is a voidable contract?
What is acceptance of a contract?
What is a contract for services?
What is equitable relief?
What is an assignment of rights?
What is a rescission of a contract?
What is the parol evidence rule and why is it important?

What is the doctrine of frustration in a contract?

Related FAQs

Related Blog Posts