Q&As

Is an innocent party obliged to offer a party in breach an opportunity to remedy their breach where there is no written contract?

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Published by a ½Û×ÓÊÓƵ Commercial expert
Published on: 19 May 2021
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A contract may be formed orally, in writing or a combination of both. The terms that are agreed by the parties will be subject to the usual rules of contract construction and interpretation. See: Formation and interpretation—overview.

The remedies for any breach of contract will depend on the terms

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Jurisdiction(s):
United Kingdom
Key definition:
Offer definition
What does Offer mean?

In relation to receivables, to offer the receivables for sale to a receivables purchaser in exchange for the purchase price.

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