Alike other states of the USA, South Carolina also has laws that address the breach of contract.
Breach of contract
A violation of commitment refers to an action that violates the terms of a contract or does not fulfill a promise or performed as agreed upon in the agreement.
- The damages arising from the breach of contract are referred as economic losses.
- The defaulting party is required to compensate the other party to the contract by paying general damages or completing specific performance of the contract.
- The specific performance should in line with the original promise as made in the contract.
Timeframe to file petition
According to South Carolina’s breach of contract laws, the non-breaching party can submit a request for the remedy of breach of contract within three years of the finding of breach of contract.
South Carolina laws do not consider a Breach of the contract if
- There are any changes in the agreement, and both parties agree to it.
- One party deviates from the contract, and another party agrees to it.
NOTE: For a clear and better understanding of South Carolina’s breach of contract laws, it is suggested to talk to an experienced lawyer.