Breach of Contract
The failure, without lawful excuse, to perform an obligation under a valid contract.
Detailed 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.
Authoritative Sources & Provenance
Relevant Legislation
- The Indian Contract Act, 1872
Frequently Asked Questions
What remedies are available for breach of contract?
Remedies can include damages (compensation for loss), specific performance (compelling actual performance), injunction (restraining breach of a negative covenant), and rescission (cancelling the contract) — the appropriate remedy depends on the nature of the contract and breach.
Related Concepts
General legal information for reference only, reviewed for accuracy but not a substitute for advice from a qualified advocate on your specific facts.