Cancellation of a Done Deal Business

[Starmix]

It could happen and it cannot be avoided if the other party senses something malicious to the first party. The second party may be willing to pay for the damages rather than continue dealing with a bad company. It is good to conduct a background check before signing a deal.

 

[Shavkat]

Cancellation of a deal put very harmful effect on the business, because trust move away from two person and they won't remain able to move further and to make another deal.

The most common case is bridging the contract, which is not a good thing for both parties. That is why they need to consult lawyers for the legal matters. It can be sealed and protected the rights of the involved parties.

 

[Springtime]

Cancellation of a deal happens. It is essential to have the terms and conditions of the deal written down in a document and signed by relevant parties. This is to protect both parties against any loss incurred due to the cancellation.