Impossible or Impractical?

Definition of Legal Terms

Performance obligations in a contract can be discharged if performance by one or both parties has been rendered “impossible” or “commercially impracticable,” or if there has been a “frustration of purpose” of one of the parties to the contract by events occurring after the contract was signed.

Impossibility is a strict, objective standard and means that not only could the party (or parties) affected by events not perform the terms of the c

Register to view the full article

Register for and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.