Breach Of Contract

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Dictionary Says

Definition of '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 if taken to court; however, proof of the violation is imperative.
 
Investopedia Says

Investopedia explains 'Breach Of Contract'

Sometimes the process for dealing with a breach of contract is written in the original contract. For example, the contract may state that in the event of a late payment, a fee of $25 must be paid along with the missed payment. If the consequences for the specific violation are not included in the contract, the two parties can settle the situation themselves, which often leads to a new contract, or legal action can be taken.
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'Breach Of Contract'

  • Exploring Advanced Insurance Contract Fundamentals

    http://www.investopedia.com/articles/pf/06/advancedcontracts.asp
    ... a Breach When you supply inaccurate information with the intention to deceive, you
    insurance contract becomes void. If this deliberate breach was discovered at ...

  • Housing Deals That Fall Through

    http://www.investopedia.com/articles/mortgage-real-estate/09/house-contract-falling-through.asp
    ... For example, is there a clause in your contract that would give you legal grounds
    to sue your borrower for breach of contract and obtain a set percentage of ...

  • Starting A Small Business: Record Keeping | Investopedia

    http://www.investopedia.com/university/small-business/creating-maintaining-business-records.asp
    ... serve the obvious purpose of making it easier for you to file a lawsuit if you
    don't get paid or if your client commits any other harmful breach of contract. ...

  • Why Wages Stick When The Economy Shifts

    http://www.investopedia.com/articles/economics/09/wage-stickiness.asp
    ... In fact, a cut in nominal wages can be viewed by the employee as a sort of
    "breach of contract," even if the contract is only implied. ...

  • Legal Unknowns Cloud Lender Processing Services Outlook

    http://stocks.investopedia.com/stock-analysis/2012/Legal-Unknowns-Cloud-Lender-Processing-Services-Outlook-LPS-FISV-CLGX-FAF0215.aspx
    ... having a major claim in a $155 million filed by the FDIC tossed out, leaving the
    company with a much more easily digestible breach of contract claim in play. ...

  • Dealing With Your Condo Board - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0510/Dealing-With-Your-Condo-Board.aspx
    ... Even the smallest dispute can quickly elevate, resulting in damaged reputation of
    the condo owner in the eyes of the condo board, breach of contract and even ...

  • Do You Need A Real Estate Agent?

    http://www.investopedia.com/articles/mortgages-real-estate/08/real-estate-agent.asp
    ... No one wants to get through all the stress of listing and selling their home and
    then find out that they are being sued over an avoidable breach of contract. ...

  • CFA Level 1 Study Guide - Ethics and Standards - Standard IV ...

    http://www.investopedia.com/exam-guide/cfa-level-1/ethics-standards/standard-loyalty.asp
    ... 15.12 Arbitrage; 15.13 Forward Markets and Contracts: Settlement Procedures;
    15.14 Terminating a Forward Contract Prior to Expiration; ...

  • Protect Your Company From Employee Lawsuits

    http://www.investopedia.com/articles/pf/07/employer-liability.asp
    ... non-sexual harassment, religious, gender and racial discrimination, unlawful
    termination, negligent assessment, breach of employment contract, mismanagement ...

  • What Investors Can Learn From Insider Trading

    http://www.investopedia.com/articles/02/061202.asp
    ... government official realizes that the company will lose a big government contract,
    so the ... trust with the company and understands that this was a breach, he or ...

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