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The commentary (which generally assumes there are only two parties to a contract) generally draws a distinction between variation (in summary, where the terms of a contract are altered) and a contract for termination (or rescission) (where the contract is terminated). The consequences of a termination by agreement depend on the intention of the parties. For further information see: Termination, rescission and variation: Common Law Series: The Law of Contract [7.4] and Discharge by subsequent agreement: Halsbury's Laws of England . For further information see: Variation: Halsbury's Laws of England  and Termination by agreement
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What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network. The transmission assets comprise everything between the offshore point of connection with the generating wind farm assets and the
Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral
BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance on
What is a third party debt order (TPDO)?Third party debt orders were previously known as 'garnishee' orders and operated under the regime provided for in CCR Ord 30 and RSC Ord 49 (now revoked). Although the rules in CPR 72 are new, many of the principles with which they are concerned are well
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