Rugged adventures inc. Wants to terminate its franchise arrangement with stillwater kayaking. Their contract does not provide for notice of termination or set a time for winding up the business. This means that to wind up, stillwater.

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lexiii4214 lexiii4214

02-11-2022
Business

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Rugged adventures inc. Wants to terminate its franchise arrangement with stillwater kayaking. Their contract does not provide for notice of termination or set a time for winding up the business. This means that to wind up, stillwater.

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-11-06T08:58:53+01:00

Since their contract does not provide for notice of termination or set a time for winding up the business. This means that to wind up, Stillwater has a reasonable time, with notice.

A contract is an enforceable contractual arrangement that defines, details, and regulates the interests and obligations between the parties. The exchange of commodities, services, money, or a commitment to transmit any of these at a later point in time are common elements of contracts. The aggrieved party may pursue court remedies such as compensation or annulment in the instance of a contract breach. The foundation of contract law, the area of the obligation law relating to contracts, is the idea that commitments must be upheld.

Since the contract between Rugged adventures Inc. and Stillwater Kayaking does not provide for time therefore, Stillwater has reasonable time to terminate the franchise arrangement.

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