2006-07-29 23:40:33 · 11 answers · asked by Georgina R 1 in Politics & Government ➔ Law & Ethics
Source: Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
breach of contract
n : a breach of a legal duty; failure to do something that is required in a contract
2006-07-29 23:44:08 · answer #1 · answered by MURP 3 · 0⤊ 0⤋
Breach of Contract is any time any clause, condition, or provision of a contract is betrayed, broken, or denied, etc.
This idea can work for you as well as against you. ALWAYS read the fine print of a contract, and ANYONE who tries to rush you, even though the contract may be very familiar to them, risks appearing deceptive to you.
In my industry (fitness), literally HUNDREDS of THOUSANDS of people have rushed into contracts with large fitness companies wihtout reading the contract, and end up paying thousands for a club that they find falls WAY short of the original marketing illusion. If they breach the contract, that is -- cancel -- they can end up being billed for the entire term of the contract plus fees, sometimes several years' dues all at once.
Same with leases. Same with car sales. Same with vacation packages. Same with phone contracts.
Always read, and if you are accused of breach, and it's worth the money, hire a lawyer. If you feel you were deceived --- for instance, if they say "Oh, it's a standard contract, nothing to worry about..." and there WAS a lot to worry about in the contract -- that CAN make a big difference to a judge or arbitration board.
Good Luck... :)
2006-07-30 06:52:22 · answer #2 · answered by fitpro11 4 · 0⤊ 0⤋
If you sign a contract and then break one of the agreed upon terms that is breach of contract.
An example is if you sign a contract with a recording studio that says that you will only do performances set up by the studio. Then you arrange an unannounced concert that the studio doesn't know anything about, that would be breach of contract.
2006-07-30 06:47:23 · answer #3 · answered by vampire_kitti 6 · 0⤊ 0⤋
Breach of contract is a legal term that referrs to the breaking of the terms of a contract.It is usually grounds for nullification of the contract.
2006-07-30 06:48:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You have a contract,one of the party's does not live up to the terms of said contract.
That person Breached the contract.
2006-07-30 06:44:05 · answer #5 · answered by ? 6 · 0⤊ 0⤋
A breach of contract is the failure of one or more parties to a contract to fulfill the obligations of that contract.
2006-07-30 06:43:53 · answer #6 · answered by onebugleon4152 2 · 0⤊ 0⤋
When you break a contract, or one of the clauses in the contract. Never sign what you don't understand!
2006-07-30 06:44:41 · answer #7 · answered by Scabius Fretful 5 · 0⤊ 0⤋
The biggest contract with God we have is "Thy alone we worship and thy alone we ask for help" and how many times a day we are breaking this pledge whcih we made when we were sprits.
2006-07-30 06:44:15 · answer #8 · answered by pathowiz 3 · 0⤊ 0⤋
You promised that you would do something if somebody else would do something. The other person did what he promised to do. Then you broke your promise by not doing what you had agreed to do in exchange. That's breech of contract.
2006-07-30 06:45:17 · answer #9 · answered by David S 5 · 0⤊ 0⤋
you broke an agreement you made in the contract when you signed it.
be careful what you sign.
2006-07-30 06:42:37 · answer #10 · answered by mjohn28497@sbcglobal.net 3 · 0⤊ 0⤋