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Virginia Breach of Contract laws

HomeBreach of Contract VirginiaVirginia Breach of Contract laws
Virginia Breach of Contract laws
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Section 59.1-507.1 determines whether a party is eligible to be treated under breach of contract.

  • A breach of contract is when a party fails to perform its promise without a legally acceptable reason.
  • A breach of contract when there is a non-performance of a promise agreed in the contract, which seriously repudiates the other party’s rights.
  • The breach is said to be material if it causes severe damage to the aggrieved party.
  • The aggrieved party can claim damages from the non-performing party in financial compensation or actual performance.

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