The violation of, or failure to perform, the terms of a contract. The breaking of a legally binding agreement. An insurance policy is a legal contract, and failure to comply with the terms or conditions incorporated in the policy constitutes a breach of contract. Because insurance-policies are unilateral contracts, only the insurer can be held liable for breach of contract.
The failure, without legal justification, to fulfill obligations which are the whole or part of an agreement, written or oral. The breach of a contract can be intentional, inadvertent, or caused by the negligence of the party breaching the contract.
LRP participants breach, or violate, their legally binding contract with NIH by leaving their research before the end of their two- or three-year research commitment without NIH approval. See “service obligation.
Violation of any of the terms or conditions of a contract without legal excuse; default; nonperformance. The nonbreaching party can usually seek one of three alternative remedies upon a material breach of the contract: rescission of the contract, action for money damages or an action for specific performance.
Failure to satisfactorily perform according to a contract term, i.e., to complete a work by the agreed upon deadline. A material breach is one that can trigger a lawsuit under the contract even if both parties have not completed their performance. [See Damages/Remedies.
When someone breaks a part (or whole) of a written agreement. If a breach of contract happens, you can (1) negotiate to find a solution that all parties agree upon (2) sue the person who broke the contract for money in damages, or (3) have the court force the person to carry out the terms of the contract.
Damages may be awarded if a court decides that a defendant has either been negligent or broken a contract and foreseeable damage or loss results. The measure of damages in negligence is to compensate the plaintiff for foreseeable losses or damage. For breach of contract, he would normally be restored to the position he would have been in had the contract been properly fulfilled.
A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, "The roofer breached our contract by using substandard supplies when he repaired my roof."
Breach of contract is a legal concept 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.