Mississippi Breach of Contract laws
Mississippi breach of contract law requires written contracts to present to a 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 exchanges.
- However, agreements can make to purchase and sell securities, bonds, stocks, etc.
- Under the law, a creditor must send a written notice to a debtor asking for the payment of dues before initiating legal action for bad debts.
- The law also lays down the interest rate applicable to delayed payments after the due date for construction contracts and sub-contracts.
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