The legal summary of Celation is not provided.
Celation is a legal term that refers to the act of canceling or annulling a contract or agreement.
Celation can be initiated when there is a breach of contract, fraud, mistake, or other legal grounds for canceling an agreement.
Celation typically refers to the retroactive cancelation of a contract, while termination refers to ending a contract going forward.
In some cases, a celation can be done unilaterally if the contract allows for it, or if there are legal grounds for doing so.
Legal grounds for celation may include fraud, misrepresentation, duress, mistake, incapacity, or a material breach of contract.
In some cases, a celation can be reversed if both parties agree to reinstate the contract or if a court orders the celation to be set aside.
If a celation is based on a breach of contract or fraud, it may result in financial compensation for the non-breaching party.
The time limits for initiating a celation may vary depending on the specific circumstances and the applicable laws.
If the other party disputes the celation, it may need to be enforced in court through a legal proceeding.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 4th April 2024.
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