By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Store
    Merchandise
    Subscribe
  • Features

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Agenda
    • Business Books
    • Marketing
    • Technology
    • Wellbeing
    • Finance
    Reading: Breach Of Contract

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Book
  • Trending
    Technology

    How to make your online presence more sustainable

    With the threat of climate change growing larger each day, individuals and…

    Uncategorized

    Promotional Products That Boost Visibility and Loyalty

    In a world filled with digital noise, tangible, branded merchandise stands out…

    blog

    Scam Report: The Latest Trends in SMS Cyber Attacks

    Brands Most Frequently Imitated  by Scammers Many SMS scams impersonate businesses to…

  • Topics

    Topics

    • Agenda
    • Blogs
    • Book Review
    • Business Advice
    • eCommerce
    • SME Update
    Reading: Breach Of Contract
    • Events
    • Business Experts
    • Featured
    • Franchise
    • Growing Business
    • Health
    Reading: Breach Of Contract
    • Finance
    • Franchise Experts
    • How To
    • Interviews
    • Just for fun
    Reading: Breach Of Contract
    • Lifestyle
    • Making money
    • Manufacturing
    • Marketing
    • Money
    • Property
    Reading: Breach Of Contract
    • Starting Up
    • Taxation
    • Technology
    • Wellbeing
    • Women in Business
    Reading: Breach Of Contract
Reading: Breach Of Contract
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Magazine
  • SEO – Backlinks
  • Book: Start Your Business
Search
  • Agenda
  • Book Review
  • Blogs
  • Finance
  • Growing Business
  • How To
  • Interviews
  • Marketing
  • SME Update
  • Starting Up
  • Technology
  • Wellness
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
  • SEO
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Breach Of Contract

Start Your Business
agenda
Share
4 Min Read

The 3 Types Of breach Of Contract That You Should Know

Signing a contract makes you feel like you have iron-clad protection. Without knowing much about contract law, you simply feel that by putting a signature on paper that you and the other signee are on equal footing and are both ready to do the right thing. Unfortunately, that is not always the case. There are unscrupulous people who won’t hesitate to breach a contract. 

Contents
The 3 Types Of breach Of Contract That You Should Know1 – Material breach of contract2 – Minor breach of contract3 – Actual breach of contract

The nice thing is that the law is on your side when there is a breach of contract. However, it does pay to know the kinds of breach of contract there are so you understand what you are getting into and how you might be protected. In this article, we will go over several of the types of contracts that you might be signing so you can be aware of them. 

1 – Material breach of contract

A contract will specify what the terms are so everybody knows what to expect. If you are signing a contract with a company that promises to finish work by a specified date then you expect the work done by then. A material breach of contract is when you receive a significantly less than expected benefit than what was specified in the contract. 

If the company has failed to perform its duties in time as laid out in the contract then it will be found to have been in a material breach of contract. Since there are likely going to be damages related to this failure on the other signee’s part then you can usually sue for those damages. 

Although it is easy to prove breach of contract, you will have a harder time proving the damages are what you say they are. It pays to have a lot of documentation to be able to get compensated.

2 – Minor breach of contract

Even a material breach of contract can end up being a minor breach of contract. If the company has promised to complete work by a certain date like the above example and it is only a part of the contract then this does constitute a breach. 

However, if there is little financial damage done then this would be considered a minor breach especially if it is difficult to prove that there was any financial injury to you as a result of the late completion. 

3 – Actual breach of contract

This is the most blatant form of breach of contract. It’s when one of the parties has not fulfilled any part of their agreement that they agreed to perform. It is the most blatant because there really is no room for any ambiguity and is the easiest to contest in court. 

Claiming damages is very clear since the contract is the proof of what was at stake either in terms of money to be paid or services worth a certain amount of money that were not completed. There are indirect losses that can also be claimed as long as there is a way to prove them. 

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business February 28, 2022
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
  • SEO

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. Cookies are used for ads personalisation We do this to improve browsing experience as well as show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?