What is the principle of non-derogation of contracts?

In Nebraska, the principle of non-derogation of contracts is an important concept of contract law. This principle states that upon entering into a contract, the parties involved agree to be bound by the terms of the agreement and that no modifications can be made to the contract without the mutual consent of all parties involved. The principle of non-derogation of contracts is applicable to all contracts, regardless of the subject matter involved. In other words, if two parties enter into a contract, both parties agree to fulfill their obligations and any changes or modifications to the contract must be agreed upon by both parties. This principle is important to protect the interests of each party involved in a contract. Without this principle, either party could unilaterally change the terms of the contract without the knowledge or consent of the other parties, potentially resulting in an unfair agreement. Non-derogation of contracts also allows parties to plan and prepare for obligations that may arise in the future. The principle of non-derogation of contracts is a fundamental part of Nebraska contract law and is necessary for a contract to be legally enforceable. This principle helps ensure that all parties involved in a contract are held accountable for their obligations and that the contract is fair to all parties. Understanding this principle is essential for any contract to be valid and enforceable under Nebraska law.

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What is the principle of non-derogation of contracts?

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