11:47
I think I'm just ready to get it over with.
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Simple English definitions for legal terms
immediate breach
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A quick definition of immediate breach:
An immediate breach is when someone breaks a promise they made in a contract. This can happen if they don't do what they said they would, say they won't do it, or interfere with someone else doing it. When this happens, the person who was supposed to get something from the contract can sue for damages. There are different types of breaches, like a material breach which is a big enough problem that the person can stop doing what they promised and sue for damages, or a partial breach which is a smaller problem that still allows the person to sue for damages but they still have to keep doing what they promised.A more thorough explanation:
Immediate breach refers to a violation of a contractual obligation by failing to perform one's own promise, by repudiating it, or by interfering with another party's performance. This breach entitles the non-breaching party to sue for damages immediately.
For example, if a company hires a contractor to build a house and the contractor fails to complete the work on time or does not follow the agreed-upon specifications, it is an immediate breach. The company can sue the contractor for damages immediately.
Another example is when a tenant fails to pay rent on time. This is an immediate breach of the lease agreement, and the landlord can take legal action to recover the unpaid rent.
In summary, immediate breach is a serious violation of a contract that allows the non-breaching party to take legal action immediately to recover damages.