Mississippi breach of contract law requires written contracts to be presented to judge to initiate legal action against a breach of contract.
- The law does not permit contracts of any sort to carry out transactions relating to gambling, entertainment-related events, or futures exchange.
- However, agreements can be made for purchase and sale of securities, bonds, stocks, etc.
- Under the law, a creditor is required to send a written notice to a debtor asking the payment of dues before initiating legal action for bad debts.
- The law also lays down the rate of interest applicable to delayed payments after the due date for construction contracts and sub-contracts.
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