Breach Of Contract
When one party to a contract fails to perform their obligations under the agreement, it is considered a breach of contract. This can happen for a number of reasons, including if the breaching party is unable to fulfill their end of the bargain or simply refuses to do so. Breaches can be material, meaning they go to the heart of the agreement and would make it impossible for the other party to receive the benefits they bargained for, or they can be minor breaches that don’t affect the overall contract.
If a breach of contract occurs, the non-breaching party may choose to sue for damages or may try to work out some other resolution with the breaching party. In some cases, such as when real estate contracts are involved, a court may order specific performance, meaning the breaching party must still carry out their obligations under the agreement.