consequences of a breach of contract

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• Breach Of Contract — Violation of any of the agreed upon terms and conditions of a binding contract. This breach could be anything from a late payment to a more serious violation, such as failure to deliver a promised asset. A contract is binding and will hold weight …   Investment dictionary

• CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …   Encyclopedia of Judaism

• Contract — law …   Wikipedia

• contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing …   Universalium

• contract — con|tract1 W1S2 [ˈkɔntrækt US ˈka:n ] n [Date: 1300 1400; : Old French; Origin: Latin contractus; CONTRACT2] 1.) an official agreement between two or more people, stating what each will do ▪ Read the contract carefully before you sign it.… …   Dictionary of contemporary English

• South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

• Mistake (contract law) — In contract law, a mistake is an erroneous belief, at contracting, that certain facts are true. It can be argued as a defence, and if raised successfully can lead to the agreement in question being found void ab initio or voidable, or… …   Wikipedia

• Rome Convention (contract) — In Conflict of Laws, the Rome Convention is the Convention on the Law Applicable to Contractual Obligations and it opened for signature in Rome, Italy on 19th June 1980. The intention is to create at least a harmonised if not a unified body of… …   Wikipedia

• unfair contract terms — certain provisions in contracts (and in some non contractual provisions) that are controlled by legislation because they are unfair (as defined). In UK law, provision is now made to regulate unfair contract (and other) terms by the Unfair… …   Law dictionary

• fundamental breach — A breach of contract which has particularly serious consequences for the injured party; for example, where the installation of defective machinery causes a fire which destroys the buyer s premises. The expression may also be used to refer to the… …   Law dictionary

• avoidable consequences doctrine — Doctrine imposes duty on person injured to minimize damages. Baglio v. N. Y. Central R. Co., 344 Mass. 14, 180 N.E.2d 798. The general rule relating to duty of party who has been wronged by breach of contract to mitigate damages; i.e. to not sit… …   Black's law dictionary