Condition - A term central to the contract, Warranty - A minor term in the contract, Repudiation - The ending of a contract due to breach, Rescission - It places the parties back to their pre-contractual position, Exclusion Clause - Part of a contract that tries to eliminate liability, Vitiating Factor - Something that makes the contract voidable, Misrepresentation - A false statement of fact made from one party to another, Quantum Meruit - As much as it is worth, Force Majeure - A clause in commercial contracts excluding liability for non-performance, Mitigation of loss - Parties must take reasonable steps to minimise avoidable losses,

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