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Cancellation will result in the contract function being canceled if something is not
performed.Contract cancellation occurs when the contract formed does not comply with the
requirements required by law as stated at the beginning of the contract formation agreement
to address non-compliance with the contract agreement. Other reasons for the occurrence of
contract cancellation include breach of contract terms, which results in cancellation occurring
(Wakene,W.(n.d.).
The other reasons of the contract that was cancelled and terminated are there are
forgery,dishonesty,fraud and coercion while the contract is running.Its involve either a party
or both party that do it.Besides,the contract automatically cancelled and terminated because
of expiry of time period.The agreed contract has run smoothly until the expiration of time that
has been promised in the contract.Last but not least,death is also the reason of the contract
was cancelled and terminated.The death of one of the parties who made the contract becomes
invalid again by the force of law.This is because the contract only involve them and others do
not have the right to continue the contract (Jahani,2002).
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