Breach of contract means failing to perform any contract term without a legitimate legal excuse or reason.
The contract may be either written or oral. A breach may include various factors like:
– Not finishing a job.
– Failure to make full payment or not on time.
– Failure to deliver all the goods.
– Substituting inferior or significantly different products.
– Not ensuring goods.
An anticipatory breach may be made by an act that indicates the party will not complete the work.
A breach of contract, in legal terms, is the amount of a broken promise to do or not do an act.
Breach of the contract is single, occurring at a single point in time, or continuing violations.
A lawsuit for breach of contract is a civil action, and the remedies awarded are designed to place the affected party in the position they would be in if not for the violation.
Remedies for contractual breach are not intended to punish the breaching party.
A contract is a legally enforceable promise made in writing or orally.
However, specific obligations must write to satisfy the Statute of Frauds, a rule of substantive law, not a state of evidence that specifies certain subjects that a written instrument must evidence.
The non-breaching party is relieved of his obligations under the contract by the other party’s breach.
Courts will award damages in the event of a breach, but the intent is not to punish the breaching party but to put the other party in such a position they would occupy if the contract had been fulfilled.
In cases where the money is inadequate to compensate the aggrieved party, the court may award specific performance to force the breaching party to fulfill the terms of the contract.
If you are in such breach of contract, you can contact a lawyer to break the contract legally.