The Frustrated Contracts Act 1943

The Frustrated Contracts Act 1943 is a UK law designed to address situations where a contract cannot be fulfilled due to unforeseen events. When circumstances make it impossible to carry out a contractual agreement, such as natural disasters or legal changes, this act helps determine what should happen. Typically, it allows parties to end the contract without penalty and outlines how to fairly settle any payments made or costs incurred, ensuring that neither party is unfairly disadvantaged. Essentially, it helps manage the consequences of unexpected disruptions in agreements.