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- Not considered a crimeA breach of contract is not considered a crime or even a tort, and punitive damages are rarely awarded for failing to perform promised obligations, with payouts limited to the figures listed in the contract.www.investopedia.com/terms/b/breach-of-contract.asp
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Breach of Contract Explained: Types and Consequences
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WEBDec 1, 2014 · Noun. An unjustifiable failure to perform terms of a contract. A violation of contract through failure to perform, or through interference with the performance of the contractual obligations. …
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WEBMay 21, 2024 · Not all contract disputes mean there is a breach. However, for some disputes, filing a breach of contract case might be necessary. Before doing anything, check the contract. There may be a dispute …
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