When a contract is breached, the innocent party may be entitled to claim damages, seek specific performance, or in serious cases, terminate the contract altogether. The available remedy depends on whether the breach goes to the root of the contract, known as a material breach, or is a more minor failure. Businesses should document the breach and its financial impact early, since this evidence usually determines the outcome of any claim.
Quick Question
What Happens if the Other Party Breaches a Contract?
The short answer
Quick answer
When a contract is breached, the innocent party may be entitled to claim damages, seek specific performance, or in serious cases, terminate the contract altogether.
General information only. This answer does not constitute legal advice. The appropriate response depends on the facts and circumstances of each matter.
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