right of termination

right of termination. A remedy involving the ending of contractual relations, accorded to a party to a contract when the other party breaches a duty that arises under the contract. • The right of termination is contrasted with a right to rescind, which arises when the other party breaches a duty that arises independently of the contract. — Also termed right to terminate. [Cases: Contracts 217; Sales 84. C.J.S. Contracts §§ 436–443, 446, 448–449, 500–501; Sales §§ 108, 119.]

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词条贡献者

译者Jeffrey，毕业于国内一流的高级翻译学院，擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。