Discuss the validity of such a clause, Other Management

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Question 1:

A contract may provide that in case of some specified breaches mentioned in the contract, the defaulting party should compensate the other party.

Discuss the validity of such a clause?

Question 2:

Discuss whether a party can unilaterally decide to put an end to his contractual obligations.

Question 3:

- More and more contractual disputes are being resolved out of court.

Based upon the above statement, briefly outline the advantages of having recourse to alternative dispute resolution.

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