What is a breach of contract?

Contracting party's actual failure or refusal to perform (or a clear indication of its intentions to ...

	Monday, March 2, 2015 breach of contract   Term of the Day breach of contract Contracting party's actual failure or refusal to perform (or a clear indication of its intentions to not perform) its obligations under the contract. A breach could be effected by (1) repudiation of obligations before the beginning of the contract, (2) repudiation of obligations before its completion, or (3) a conduct that prevents the contract's proper performance (such as interfering with ... Learn more about this term Usage Example The problem, critics of the prosecution say, is that Swartz' actions constituted a breach of contract more than a felony crime.   Featured Article Making the Jump to Self-Employment There may not be a more fulfilling journey than that of making the jump from working for another person to working as your own boss. While the rewards may be ... Read this article   Voice Your Opinion What do you think the difference is between a Manager, Director, and CEO of a company?   Take us with you! Download the BusinessDictionary app today.
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