What is the principle of non-derogation of contracts?

The principle of non-derogation of contracts is a fundamental part of contract law in South Carolina and states that a contract can not be modified or changed to the detriment of any of the involved parties. This means that if any changes are made to the contract, they must be fair and reasonable for all parties involved. The principle of non-derogation of contracts is based on the idea that a contract is legally binding and cannot be broken without legal repercussions. If an agreement is made between two or more parties it must be kept, and any change or addition must be agreed to by all parties for it to be binding. This principle is important to ensure that contracts are held to their original terms. If one party was allowed to make changes without the agreement of the other, the contract would be rendered void and unenforceable. Non-derogation of contracts also works to protect the parties involved in contract law in South Carolina. By ensuring that the agreement remains as it was originally written, each party is legally assured of the rights and responsibilities they have agreed to. By adhering to this principle, contract law in South Carolina is solidified and protected.

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What is the principle of non-derogation of contracts?

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