breach of contract

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Related to Breaches of Contract: anticipatory breach, material breach

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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Among the more difficult areas of the law to understand and to predict are the circumstances under which parties to a contract are entitled to rescission for breaches of contract, instead of being entitled to damages only.
Remedies for breaches of contract are mainly rescission of the contract or damages.
Under traditional common law, breaches of contracts were not regarded as morally wrong, and someone in breach of contract was liable only for the loss the breach caused to the other party to the contract.