Breach Of Contract

Breach Of Contract

Breach Of Contract

oboloo’s Glossary

Breach of contract: An event in which one or more parties fails to fulfill the responsibilities outlined in a legally binding agreement. In financial and investment terms, a breach of contract could lead to lost profits, damaged reputation, and legal disputes. To protect yourself against such an occurrence, be sure to thoroughly review any contracts before signing them and adhere to all terms and conditions during negotiations.