Remaining Time: 3 hours, 25 minutes, 11 seconds. Question Completion Status: L A Moving to another question will save this response. Question 5 of 8 Question 5 16 points Save Answe Company X is a client for a new software development project. The IT contractor is Company Y. However, both parties are not satisfied with the contract, payments and works done so far. The client has cited poor performance by the contractor while the contractor is complaining about the contract terms and the non- payments. They are both citing that the COVID-19 situation has made it difficult to meet their obligations. Both companies have decided to approach you for legal advice and the way forward. As an advisor in the above scenario, make a detailed presentation to the municipality on the following issues What are the obligations of the parties to a contract? The aspects that legally constitute breach of contract The remedies that are available to both parties at law. 16 How that two parties can terminate the contract. [16] For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)