If the choice is between renegotiation and termination, Missan should renegotiate rather than terminate the contract. Unilateral termination may not be available to the company because of the weak grounds for its justification. It can, additionally, expose the Company to risk for potential wrongful termination, which can result to liability. On the other hand, a renegotiation can give Missan an opportunity to set new terms that are more favourable to it, taking into account the present circumstances.
Repudiatory Breach as Justification for Termination
Missan can only terminate the contract with Depeche if such termination can be justified, otherwise it may be exposed to liability for wrongful ...
