A breach of contract refers to an incident where two parties sign a legally-binding document, and when one of the parties does not fulfill their portion of the agreement, they are said to be in breach of contract. Someone can also be in breach of contract if he or she exhibits behavior that indicates the individual will be unable to carry out the requirements set forth by the agreement. When this happens, judicial intervention can take place. One party can sue another for damages that were incurred due to the breach. It is also possible that the breaching party can be ordered to fulfill the tasks set forth by the contract. Various types of breaches can take place, including anticipatory breaches, fundamental breaches and material breaches.
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