Breach Of Contract
Sometimes the process for dealing with a breach of contract is written in the original contract. For example, the contract may state that in the event of a late payment, a fee of $25 must be paid along with the missed payment. If the consequences for the specific violation are not included in the contract, the two parties can settle the situation themselves, which often leads to a new contract, or legal action can be taken.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
breach of contract — breach of contract: breach (1b) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. breach of contract … Law dictionary
breach of contract — ˌbreach of ˈcontract noun breaches of contract PLURALFORM [countable, uncountable] LAW when someone fails to do something that they have agreed to do in a contract: • Watson had to pay more than £55 million in damages for breach of contract. •… … Financial and business terms
Breach of contract — Contract law Part … Wikipedia
breach of contract — A failure by a party to a contract to perform obligations under that contract or an indication of an intention not to do so. An indication that a contract will be breached in the future is called repudiation or an anticipatory breach; it may be… … Accounting dictionary
breach of contract — A failure by a party to a contract to perform the obligations in that contract or an indication of an intention not to do so. An indication that a contract will be breached in the future is called repudiation or an anticipatory breach; it may be… … Big dictionary of business and management
breach of contract — noun a breach of a legal duty; failure to do something that is required in a contract • Hypernyms: ↑breach • Hyponyms: ↑anticipatory breach, ↑constructive breach, ↑breach of the covenant of warranty, ↑breach of promise, ↑ … Useful english dictionary
breach of contract — /ˌbri:tʃ əv kɒntrækt/ noun the failure to do something which has been agreed in a contract ♦ the company is in breach of contract the company has failed to do what was agreed in the contract … Dictionary of banking and finance
breach of contract — The failure to perform any term of a contract, written or oral, without a legitimate legal excuse. A breach (literally, a break ) may include not completing a job, not paying in full or on time, not delivering goods (or substituting inferior… … Business law dictionary
breach of contract — A failure without legal excuse to perform any promise which forms a whole or a part of a contract, including the refusal of a party to recognize the existence of the contract or the doing of something inconsistent with its existence. National… … Ballentine's law dictionary
breach of contract — unexcused failure to fulfill one s duties under a contract. [1825 35] * * * … Universalium