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- DictionaryBreach of contract
- ▪ an act of breaking the terms set out in a contract
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Dec 1, 2014 · Definition of Breach of Contract. Noun. An unjustifiable failure to perform terms of a contract. A violation of contract through failure to perform, or through interference with the performance of the contractual obligations.
Mar 18, 2024 · The meaning of BREACH OF CONTRACT is failure to do what a contract requires. How to use breach of contract in a sentence.
Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. Breach occurs when a party to a contract fails to fulfill its obligation(s), whether ...
A breach of contract is an instance where one or more parties to a contract either actively breaks or fails to fulfill the terms outlined within a legally binding contract.
Jun 21, 2023 · What is a breach of contract? A breach of contract refers to one or more parties not sticking to the agreement outlined in a contract between them. This can be a partial breach, where part of the agreement is not upheld, or a full breach of the agreement, where the entire thing is disregarded.
Mar 25, 2024 · Corporate Legal. Breach of contract: How it occurs. March 25, 2024 · 7 minute read. Disputes arising from breaches of contracts are inevitable, requiring thorough consideration of contractual elements and legal options. This blog is part of the “Contract Law” series. Jump to:
BREACH OF CONTRACT Definition & Legal Meaning. Definition & Citations: Failure to live up to the terms of a contract. The failure may provoke a lawsuit, in which an aggrieved party asks a court to award financial compensation for the loss brought about by the breach.