Breach of contract is when a binding agreement is not honoured by one or more of the parties to the agreement.
Minor breaches of contract can be remedied and if the parties are in agreement then the contract will continue.
If the breach is severe then the relationship between the parties is irreparably damaged and the contract can be terminated; this is called a repudiatory breach. the party that suffers the loss may be able to claim compensation.
Some particulars will depend on whether the breach has an employment context or is in a commercial setting.
For other legal topics return to the law library.
For comprehensive information on settlement proposals, severance paymentsand taxation, visit our Aeon settlement agreements site
To focus on what redundancy means, the importance of conducting a fair procedure and the law on redundancy payments, go to our redundancy pages
| | Terms & Conditions | Privacy | Cookie Policy | Sitemap | |