North Carolina Business Courts enact cases of breach of contract in North Carolina only if the loss from it is significant and defeats the very purpose of the agreement.

• The contract should enter by parties who are legally capable of entering legally enforceable agreements.

• The breach of contract is a failure of either of the parties to perform the contract.

• The loss arising from the breach should be material and should cause significant damage to the aggrieved party.

• The court will determine the extent of loss or damage and order compensation or specific performance as the case may be.