South Africans must always read the fine print when terminating a contract.
said that parties often make the mistake of not being diligent when they conclude a contract.
Following the correct procedures allows the party in default the opportunity – within the contract’s defined parameters – to remedy their default. Should the correct notice procedures not be followed, the party in default may lose the opportunity to fix the problem and avoid the termination of the contract.
The determination of reasonable depends on a variety of factors, such as the language used, the intention of the parties, their relationship, and the events surrounding the termination.For instance, the Consumer Protection Act 68 of 2008 says that a fixed-term consumer contract can be terminated with 20 days’ notice.
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