Garg & Associates PC
The Woodlands Business Lawyers, Commercial litigation, business formations, contract diputes. Serving The Woodlands, Conroe, Humble, Kingwood, Cypress, Huntsville and Houston in Texas.
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By the Business Attorneys at Garg & Associates, PC, serving The Woodlands, Spring, Houston, Conroe, Humble, Kingwood, Tomball, Cypress, Huntsville, Westchase, Southwest, Sugar Land, West Oaks, Alief, Memorial, River Oaks, Stafford, Katy, and Missouri City.

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What is “failure of consideration”?

Failure of consideration is a condition wherein the bases of the contract or the inducement to perform becomes worthless or ceases to exist. That is, when a party to a contract ceases to perform its promise as agreed. In these circumstances, the other party to the contract may also cease performance. Failure of consideration happens all the time. However, prior to ceasing performance, you may want to seek counsel.

 

Call Garg and Associates today at 281-362-2865 or complete our Contact Form and let us assist you with your business law services and litigation needs.