Non-Performance


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Non-Performance

The state of not doing the work one was hired to do. For example, suppose a video editor is hired to produce five 10-minute videos. If the client does not receive the videos in the allotted time and there is no evidence that the editor has done any work, he may be liable for non-performance on the contract. Non-performance may be actionable.
References in periodicals archive ?
However, notwithstanding any agreement to the contrary the specified sum may be reduced to a reasonable amount where it is manifestly disproportionate to the loss envisaged as capable of resulting in relation to the loss resulting from the non-performance and to the other circumstances.
The notes are rated two notches below Munich Re's Issuer Default Rating (IDR) of 'AA-', to reflect their subordination (one notch) and moderate risk of non-performance (one notch), in line with Fitch's notching criteria.
He said governors are being blamed for non-performance, yet the national government holds a bigger percent of funds.
Shaista Pervaiz said the Pakistan Peoples Party could not win the polls in 2013 due to non-performance. Media was vibrant in Pakistan and the people had become conscious about the sanctity of vote, she said.
In the statement, Fitch explained that its Basel 3 rating approach is to "notch down" from an issuer's anchor rating based on "incremental non-performance and loss severity risks."
If the party which issues earnest money is liable for non-performance of the contract, the earnest money shall remain with the other party.
Force majeure and hardship under general contract principles; exemption for non-performance in international arbitration.
WFC's trust preferred securities are notched two times from the VR for loss severity and two times for non-performance. These ratings are in accordance with Fitch's criteria and assessment of the instruments non-performance and loss severity risk profiles and have thus been affirmed due to the affirmation of the VR.
The protesters who are serving an annual renewable contract said they were dropped in the guise of non-performance.