Author: Walter KRAFT
N0:7 of 1997
Under German Law, the Termination of a contract may arrive in various and distinct circumstances. The contract may never have entered into force and so never have been in a position to generate any duties or rights for the parties. It may also, during its lifetime, arrive at a point where it has lost the essence of its existence. And, finally, it may come to its total extinction when all the duties, which it had generated during its lifetime, have been definitely and completely fulfilled by the parties.