breach of contract

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breach of contract

the failure to perform as promised or agreed in a contract. The breach may be complete or partial and may entail repudiation, failure to recognize the contract, or prevention or hindrance of performance.

breach of contract

failure to complete an agreed task. If a breach of contract can be proved the aggrieved person is entitled to compensation for loss incurred. Alternative penalties may be that the contract be completed or that other tasks be completed.
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References in periodicals archive ?
This will include time spent carrying out visits (including all the time on site during which the material breach was identified); writing notifications of contravention, improvement or prohibition notices and reports; taking statements; and getting specialist support for complex issues.
The Tax Court held that Trout's failure to timely file the returns was a material breach of the OIC and that the Appeals officer did not abuse his discretion in refusing to reinstate the OIC.
The employer's failure to pay compensation under a contract of employment is the most common material breach available as a defense to employees who have previously signed noncompete agreements.
A Welsh-only rule is therefore imperative sometimes, eg eisteddfod competitions, as any material breach could be the start of a slippery slope towards wholesale Anglicisation, English usually (but not always) being the interposing language in the event of a breach.
A material breach of resolution 687 revives the authority to use force under resolution 678.
Japan expects that if the United States says there has been a material breach on the part of Iraq, there is a high possibility that it will launch an attack on the country around late February or early March even without a new resolution and on its own, the official said.
The head of the International Atomic Energy Agency Mohammad El Baradei says that, in his view, Baghdad is not in material breach of UN Resolution 1441, contradicting the views expressed by the UK and US governments.
To jump into the material breach, I have had to fire up my old Cracker Jack decoder ring for what promises to be a very busy code and flu season.
It then went on to refer to statements by "American and other diplomats" invoking provisions relating to "A material breach of a treaty" in the Vienna Convention on the Law of Treaties of 1997, of 1971, hereafter referred to as the 1971 Vienna Convention (which, as will become apparent below, not only is the wrong convention - although this really does not matter, as will become apparent - but, more importantly, constitutes a badly flawed understanding of the same provision both in the more relevant convention and in customary international law, which in fact is applicable).
Purchaser, Company, the Subsidiaries, and each of their respective affiliates, successors, and assigns, from and against all Taxes (i) with respect to all periods ending on or prior to the Closing Date, (ii) with respect to any period beginning before the Closing Date and ending after the Closing Date, but only with respect to the portion of such period up to and including the Closing Date (such portion, a "Pre-Closing Partial Period"), or (iii) payable as a result of a material breach of any representation or warranty set forth in Section XX of this Agreement.
Prime") (NASDAQ: Common Stock: "PACQ", Units: "PACQU", Warrants: "PACQW"), a special purpose acquisition company, today announced that, effective November 21, 2012, it terminated its previously disclosed definitive share exchange agreement with Yuantong Investment Holdings Limited due to an uncured material breach of the agreement.
Deposits and Guarantees required: Buyer terminates the Agreement for material breach of contract, Seller agrees to pay the buyer 10% of the penalty (fine) of the maximum contract price, excluding VAT.

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