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Mississippi Breach of Contract laws

HomeBreach of Contract MississippiMississippi Breach of Contract laws

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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