is a contract, which is between two parties, terminated when one party dies?
1 Answer from Attorneys
The answer depends on the contract. Some contracts assign the liabilities and/or benefits to other parties in the event of death. In other instances, even if the contract is silent, the estate of the deceased may automatically become a party to the contract by operation of law. And of course in some contracts the obligations terminate if one of the parties dies.
Basically, the contract needs to be reviewed by an attorney. Feel free to contact my office if you have any further questions.
Roman R. Fichman, Esq.
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