ABSTRACT
A contract may contain terms specifying when it will come to an end. It is also possible for a contract to endow one of the parties with the right to discharge the agreement.1 For example, an employment contract may authorise the employer to dismiss the employee if he becomes bankrupt.2 Such authority is construed strictly by the courts.3 It must be exercised in accordance with any contractual conditions; for example, the employer may have to give written notice in order to dismiss an employee.4
