Breach of Contract
The failure, without lawful excuse, to perform an obligation under a valid contract.
In Simple Terms
Not doing what you promised to do in a contract, without a valid legal reason.
Detailed Legal Meaning
A breach of contract occurs where a party fails to perform, or repudiates, an obligation the contract required of them. Remedies available to the aggrieved party can include damages, specific performance, or rescission, depending on the nature of the obligation and the harm caused.
Relevant Acts & Sections
- Indian Contract Act, 1872Search on India Code ↗
- Specific Relief Act, 1963Search on India Code ↗