Cardinal Duty definition
Cardinal Duty. As defined in paragraph 5.2.
Cardinal Duty is a duty (1) the fulfilment of which the other Partner could legitimately rely upon and (2) (a) which in itself is a essential prerequisite for the contractual performance, or (b) a breach of which would jeopardizes the purpose of the contract.
Examples of Cardinal Duty in a sentence
A cardinal duty is any obligation, the fulfillment of which is a prerequisite for enabling the proper fulfillment of the contract in the first place and in the observance of which You may normally trust ("Cardinal Duty").
When a Cardinal Duty is infringed, except for the foregoing cases, the Partners' liability is limited to damage which is foreseeable in view of the given contract and duty.