oboloo Glossary

Violation Of Contract

oboloo Glossary

Violation Of Contract

Violation Of Contract Definition

A contract is a legally binding agreement between two or more parties. A contract violation occurs when one party breaks the terms of the agreement. The other party may then sue for damages or take other legal action.

Contracts are typically written agreements, but they can also be verbal. Either way, both parties must agree to the terms of the contract and adhere to them. If one party violates the contract, the other party may sue for breach of contract.

There are many different ways that a party can violate a contract. For example, one party may fail to perform their obligations under the contract. Or, one party may interfere with the other party’s performance of their obligations. Additionally, one party may make material misrepresentations or omissions during the negotiation process. Finally, one party may try to terminate the contract prematurely.

If you have been harmed by another party’s breach of contract, you should consult with an experienced attorney who can help you understand your legal rights and options. An attorney can also help you recover damages if you have suffered losses as a result of the breach.