Questions & Answers
Cancelation of contractual agreement
Dear Sir,
Myself Kumar; We took one project on low-cost basis based on the client's representative's verbal inquiry. The contract also signed, we took 50% advance for that job also, after working in that project we found that we can not continue that job if we to do so we have to face a huge loss.
Shall we claim additional variation?
If they refuse to pay additional variation, shall we cancel the contract? (we are willing to pay the entire amount including advance)
Kindly advise the legal consequences on above points as per UAE law.
Dear Sir,
I hope you are doing fine.
With regards to your question, to enable us to provide an appropriate answer, we will need to review a Copy of the signed contract to enable us to examine the Clauses in the Contract and advise you accordingly as there may be Legal Consequences for Cancellation of a Contract under the UAE Law.
If you opt to cancel the Contract and you are sued by the other party for termination of the contract and the Court considers your reason to be invalid, you may be asked to pay compensation/damages to the other party.
Therefore, kindly contact me on 0559230221 or aws@awsuwaidi-advocates.com or you can also contact my office on 045547635 or info@awsuwaidi-advocates.com
I anticipate your response to enable me to advise accordingly.
Best Regard,
Aws M. Younis
