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Legal Implications of Contract Expiry in Modern Commercial Law: Towards a Framework for Post-Expiry Obligations and Risk Management
Abstract
In an increasingly complex commercial landscape, the legal implications arising from the expiry of contracts demand critical attention. While contract formation and enforcement have been thoroughly examined in commercial law, post-expiry obligations and the associated risk exposures remain underexplored. This paper investigates the residual responsibilities and liabilities that may persist or emerge following contract termination due to expiry. Drawing on comparative legal analysis, case law, and regulatory frameworks across multiple jurisdictions, this study identifies legal ambiguities and practical challenges that can lead to disputes or financial loss. The research further develops a structured framework aimed at clarifying post-expiry duties and enhancing risk management strategies for both parties. By bridging the gap between legal theory and commercial practice, the proposed framework provides actionable guidance for legal practitioners, businesses, and policymakers to mitigate risks and ensure compliance beyond contract expiration.
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