We come in all sizes, shapes and colours, which makes us a very interesting family of vegetables. Some of us are long and thin like the vegetable marrow, whilst others, like the button squashes, are small and squat with scalloped edges. Most of us have an edible thin skin and white to yellow, sweet, succulent flesh.
Hardship clause is a clause in a contract that is intended to cover cases in which unforeseen events occur that fundamentally alter the equilibrium of a contract resulting in an excessive burden being placed on one of the parties involved.ardship constitutes a reason for a change in the contractual program of the parties. The aim of the parties remains to implement the contract. Force majeure, however, is situated in the context of non-performance, and deals with the suspension or termination of the contract.
A statute of limitations (SOL) is a statute (law) that prescribes the period of time during which legal action may be taken. In respect to debt obligations, the statute of limitations sets forth the specific time frames during which the creditor or debt collector can legally sue the debtor.