Short Answer: A breach of contract occurs when one party fails to fulfill their underlying obligation under the contract
What Type Of Agreements Can Have A Breach?
There are a multitude of contracts in which a breach can occur, including –
Contract for sale of goods
Contract for sale of services
Contract for joint venture
Contract for lease
How Does One Maintain A Breach Of Contract Cause Of Action In Court?
To maintain a breach of contract claim, a party must establish that –
1. There is a valid contract
2. One party fulfilled their obligations under the contract
3. The other party failed to fulfill its obligations under the contract
4. As a result of the failure, one party has suffered damages
What Substantive Laws Control Breach Of Contract Claims?
Most breach of contract claims will be controlled by the laws of each state
Do you think its important to have your contract drafted and reviewed by a legal professional? Comment below
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