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Simple English definitions for legal terms

breach of contract

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A quick definition of breach of contract:

A breach of contract happens when someone doesn't do what they promised to do in a contract. This can cause problems and disagreements between the people involved. The goal of contract law is to make things fair for the person who was harmed by the breach. Usually, this means giving them money to make up for what they lost. Sometimes, they can also get money for things they did because they thought the contract would be followed. This is called reliance damages. If the harm is really bad, the court might make the person who broke the contract do what they promised instead of just giving money. People can also agree in advance how much money will be paid if there's a breach. This can make things easier, but the court might not allow it if it's not fair.

A more thorough explanation:

A breach of contract occurs when one party fails to fulfill their obligations as outlined in a contract. This can happen for various reasons, such as a failure to pay, deliver goods, or perform services as agreed upon. When a breach of contract occurs, the harmed party has legal options to seek compensation for their losses.

The most common remedy for a breach of contract is monetary damages. This means that the harmed party can seek compensation for the financial losses they suffered as a result of the breach. For example, if a homeowner hires a contractor to paint their house for $50,000 but only pays $10,000 after the work is done, the court may award the contractor $40,000 in damages.

However, in some cases, monetary damages may not be enough to fully compensate the harmed party. In these situations, the court may order specific performance, which requires the breaching party to fulfill their obligations as outlined in the contract. This remedy is typically only used for unique assets, such as real estate.

Another option for seeking compensation is through reliance damages. This allows the harmed party to recover expenses they incurred in reliance on the contract. For example, if a pool construction company breaches their contract, the buyer of the pool may be able to recover the cost of lifeguard equipment they purchased in anticipation of the pool's completion.

It's important to note that the harmed party has a duty to mitigate their losses. This means that they must take reasonable steps to minimize their damages. For example, if a contractor breaches their contract, the homeowner must attempt to find another contractor to complete the work before seeking damages.

Parties can also include liquidated damages provisions in their contracts. These provisions establish in advance how much money the breaching party must pay if they fail to fulfill their obligations. However, courts may strike down these provisions if they appear to be punitive or unconscionable.

In summary, a breach of contract occurs when one party fails to fulfill their obligations as outlined in a contract. The harmed party has legal options to seek compensation, including monetary damages, specific performance, and reliance damages. It's important to mitigate damages and parties can include liquidated damages provisions in their contracts.

breach | breach of promise

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darthaifos33
14:36
like**
darthaifos33
14:36
and UPenn for that matter! Would be greatly appreciated
yay pookie! congrats!
14:39
omg this guy on the deposition is screamingggg
darthaifos33
14:39
And congrats!!!!!!<3
14:49
like it's crazy
i've heard great things about UVA! I visited upenn and hated it so much / felt so uncomfy there and the starbucks by campus got robbed while i was there waiting for my tour to start lol
darthaifos33
14:59
@OptimisticOutlier That sounds terrible, I'm sorry you had to experience that lol. Can I ask what made you feel uncomfortable? Like the sketchy vibes of the city or like the camp\us itself etc.?
darthaifos33
14:59
campus
penn is in a nice area
right next to drexel
it was campus itself, honestly i can't explain what it actually is. I felt the same way when I was touring schools for undergrad, pretty much pulled up to upenn and told my mom i knew i didn't like it and didn't need to take the tour lol
would argue with the nice area piece lol i think all of philly is kinda scary, someone pulled a gun on my team while we were down for a football game at upenn and walking around at night
but that said, i'm pretty happy i moved to pa after school and i know lots of people love upenn!
dear god is that sketchy
definetly safer than how its being described
people are absolutely crwzy
yeah yeah will 10000% agree i've had like bad outlier experiences lol
u are the optimistic outlier after all
true!
how do i tell my boss im quitting and need to take off on monday (visiting ND on monday to meet with dean and check the vibes, was gonna put in my 2 weeks regardless
16:00
NEED
16:00
i luv being an art hoe snob
amlaw
16:38
believe it or not i didn’t miss any calls
OvertReconditeSpider
18:03
Lol all of philly is a dumpster fire
OvertReconditeSpider
18:03
Yet i am moving there for law school in 14 days lol
manifestmoreadmissions
18:56
@OptimisticOutlier: congratulations!!!
21:14
I live in that area. It isn't bad at all
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