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If an unforeseen event occurs after a contract has been made that makes one of the party's performance under the contract prohibitively more expensive than

If an unforeseen event occurs after a contract has been made that makes one of the party's performance under the contract prohibitively more expensive than was contemplated when the contract was made: 
  • the party whose performance is now more expensive still has to perform their obligations under the contract.
  • that party's obligation to perform under the contract can be cancelled under the doctrine of commercial impracticability.
  • the parties to the contract will have to renegotiate the terms of the contract.
  • the contract is automatically breached.

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