Obligation to allow an opportunity to remedy before terminating

VINERGY INTERNATIONAL v RICHMOND MERCANTILE [2016]

The High Court considered whether a a requirement that a party wishing to terminate for contractual breach must give an opportunity to remedy the breach applied when the party was terminating not based on the contractual provision but under separate ‘common law’ rights for repudiatory breach.

Background:

So-called ‘common law’ rights do not need to be stated in the contract; they simply exist in the background under the general law and they apply unless expressly excluded. The right to terminate for ‘repudiatory breach’ (or a very serious breach generally indicating a clear intention not to be bound by the contract going forward) is perhaps the best known example. Technically a party ‘accepts’ a repudiatory breach by the other and thereby brings the contract in question to an end. Acceptance can be by words or conduct or a formal communication but it must be clear.

Facts:

Decision:

Points to note:

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