Glossary · Contracts
Breach of Contract
breach-of-contract-f1b9e6abf941614c-2026-07-28
- Type
- Glossary
- Jurisdiction
- National
- Date
- 2026-07-28
- Topic
- Contracts
The failure to perform a contractual obligation without a legal excuse. A material breach goes to the heart of the bargain and can excuse the other side from performing, while a minor breach entitles the injured party to damages but keeps the contract alive. The usual remedy is money damages designed to put the injured party where performance would have left it.
Definition
The failure to perform a contractual obligation without a legal excuse. A material breach goes to the heart of the bargain and can excuse the other side from performing, while a minor breach entitles the injured party to damages but keeps the contract alive. The usual remedy is money damages designed to put the injured party where performance would have left it.
Breach of Contract. The failure to perform a contractual obligation without a legal excuse. A material breach goes to the heart of the bargain and can excuse the other side from performing, while a minor breach entitles the injured party to damages but keeps the contract alive. The usual remedy is money damages designed to put the injured party where performance would have left it. Example: Delivering the software eight months late, after the retailer's holiday season, was a material breach of contract.