Breach of Contract

Contact

Breach of contract is a legal concept in which a binding agreement or bargained-for exchange is not honored by one of the parties to the contract by non-performance or interference with the other party's performance.

A breach may be a minor one (also called a partial breach or an immaterial breach), in which case the non-breaching party will not be entitled to an order for performance of its obligations, but only to damages.

A repudiatory breach, sometimes known as a 'fundamental breach', is a breach so fundamental that it permits the aggrieved party to terminate performance of the contract, in addition to entitling that party to sue for damages.

An anticipatory breach is an unequivocal indication that the party will not perform when performance is due, or a situation in which future non-performance is inevitable. An anticipatory breach gives the non-breaching party the option to treat such a breach as immediate, and, if repudiatory, to terminate the contract and sue for damages (without waiting for the breach to actually take place).

Wikipedia article (the free online encyclopedia) reproduced under the terms of the GNU (General Public License) Free Documentation License.

Contact Us Today

“Dana Taschner provided me with the highest quality attorney services and skills”

“Unmatched portfolio and experience”

“Dana Taschner has the “excellence in his work that is unparalleled”.

Contact



Dana B. Taschner
ABA Sole Practitioner of the Year
Lawyer of the Year

Nationwide Litigation & International Arbitration

310-552-4800

Menu