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Breach of Contract

A breach of contract is a failure to fulfill the terms of a contract without a legitimate excuse. A breach of contract can occur when one party fails to perform their obligations under the contract, or when they do something that goes against the terms of the contract. Continue Reading Below

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Encyclopedia Articles

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About Breach of Contract

A breach of contract is a failure to fulfill the terms of a contract without a legitimate excuse. A breach of contract can occur when one party fails to perform their obligations under the contract, or when they do something that goes against the terms of the contract. A breach of contract can have serious consequences, including financial damages and legal action. In order to prove that a breach of contract has occurred, it is necessary to show that a valid contract existed, that the other party failed to fulfill their obligations under the contract, and that this failure caused harm to the non-breaching party.