MLchartDataset catalogue

Commercial frustration

Term · Law · MLC-T-LAW-001089

A contract defense asserting that an unforeseen event has made the principal purpose of a contract impossible or severely impractical to achieve, even if performance itself remains physically possible. This doctrine allows a party to be excused from contractual obligations when the value of the performance has been destroyed. It differs from impossibility, which concerns the ability to perform.

Table 1. Record
IdentifierMLC-T-LAW-001089
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001089",
  "term": "Commercial frustration",
  "field": "Law",
  "definition": "A contract defense asserting that an unforeseen event has made the principal purpose of a contract impossible or severely impractical to achieve, even if performance itself remains physically possible. This doctrine allows a party to be excused from contractual obligations when the value of the performance has been destroyed. It differs from impossibility, which concerns the ability to perform.",
  "url": "https://mlchart.com/terminology/law/commercial-frustration/"
}

Record 919 of 5,441 in Law terminology (MLC-0107). Request the full dataset.