BREACHOFCONTRACT

Breach of contract

Breach of contract is a legal cause of action in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. If the party does not fulfill his contractual promise, or has given information to the other party that he will not perform his duty as mentioned in the contract or if by his action and conduct he seems to be unable to perform the contract, he is said to breach the contract.

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breach of contract

Noun

  1. An unjustifiable failure to perform under the terms of a contract when performance is due.


The above text is a snippet from Wiktionary: breach of contract
and as such is available under the Creative Commons Attribution/Share-Alike License.

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