What is a "Breach of Contract?"
A business contract creates certain obligations that are to be fulfilled by the people or companies who enter into the agreement. In the eyes of the law, a party’s failure to fulfill their end of the bargain under a contract is known as a “breach” of the contract. Depending on the specifics of the contract, a breach can occur when a party fails to perform on time, does not perform in accordance with the terms of the agreement, or does not perform at all.
Remedies for breach of contract – When a breach occurs, the other party to the agreement is entitled to relief under the law. The main remedies for breach of contract are damages, specific performance, or cancellation and restitution.

















