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Breach of contract
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{{Short description|Type of civil wrong in contract law}} {{More citations needed|date=December 2009}} {{Contract law}} {{Use dmy dates|date=February 2022}} '''Breach of contract''' is a [[legal]] [[cause of action]] and a type of [[civil wrong]], in which a [[binding agreement]] or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. Breach occurs when a party to a contract fails to fulfill its obligation(s), whether partially or wholly, as described in the contract, or communicates an intent to fail the obligation or otherwise appears not to be able to perform its obligation under the contract. Where there is breach of contract, the resulting damages have to be paid to the aggrieved party by the party breaching the contract. If a contract is rescinded, parties are legally allowed to undo the work unless doing so would directly charge the other party at that exact time.
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