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 goods), or being late without excuse. An anticipatory breach is an act that shows that the party will not complete the work. See partial breach.

Business law dictionary. 2015.

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 — Violation of any of the agreed upon terms and conditions of a binding contract. This breach could be anything from a late payment to a more serious violation, such as failure to deliver a promised asset. A contract is binding and will hold weight …   Investment 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 — 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

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