oboloo Glossary

Material Contract Breach

oboloo Glossary

Material Contract Breach

Material Contract Breach

When a contract is breached, this means that one or more of the terms of the agreement have not been met. A material breach is a serious violation that goes to the heart of the agreement, and can result in the other party being released from their obligations under the contract. Examples of a material contract breach could include:

-Failure to pay for goods or services

-Failure to deliver goods or services

-Providing goods or services that do not meet the agreed upon quality standards

-Violating confidentiality provisions

-Failing to adhere to safety standards

-Committing fraud

If you have suffered a material breach of contract, you may be able to sue for damages. It is important to speak with an experienced attorney who can evaluate your case and help you determine your best course of action.