Understanding Breach of Contract: An Overview

Introduction:
Breach of contract is a legal concept that occurs when one party fails to fulfill its obligations as outlined in a legally binding agreement. Understanding the legal ramifications of breach of contract is essential for both parties involved in contractual agreements.

Elements of Breach of Contract:
To establish a breach of contract, certain elements must be present. These include the existence of a valid contract, a clear breach of the contract terms by one party, and damages suffered by the non-breaching party as a result of the breach.

Types of Breach:
Breach of