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Tell us more about "nondefeasance"

Nondefeasance

Definition: The term "nondefeasance" refers to a situation where an individual or entity is unable to perform their obligations under a contract due to unforeseen circumstances beyond their control. This can be caused by a natural disaster, illness, injury, death, or any other event that renders them unable to fulfill their contractual obligations. Nondefeasance can occur in various situations, including those involving personal and family relationships, employment contracts, insurance policies, or even legal agreements between individuals. In such


nondefeasance