A community hospital exempt from Federal income tax under. section 501(c)(3) of the Code built an adjacent office building for. doctors in order to encourage members of its medical staff to maintain. their private medical practices near the hospital.
When a contract is intentionally not honored by one party, it is called a breach of contract and is grounds for contract termination. A breach of contract may exist because one party failed to meet his obligations at all or did not meet his obligations fully.
Only certain types of contracts come with a 3-day right of rescission, such as health club contracts or some sales of goods or services made at your home. In order to cancel such a contract, you must give written notice of cancellation to the seller within 3 business days of your signing the cotnract. A lawyer will be able to tell you if a particular contract comes with such a right to cancel. Often the word consideration is found in agreements.