- Breach of Contract
- A failure of a party to a contract to perform his or her obligations as agreed to within the contract.
Contract law allows for judicial intervention in the event of a breach that is substantial, that goes to the root of the
contract, also stated to be
fundamental, by relieving the non-breaching party of his or her obligations and exposing the breaching party to
damages or, if appropriate, an order for performance of the breached contractual obligation.
The older version (now extinct) of breach of contract was known as assumpsit.
CATEGORIES AND TOPICS:
This term applies to the following areas of law and categories;