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Generally parties are bound by a contract in the Philippines unless the contract is rescinded. If two entities enter a contract and both agree that they are no longer interested in pursuing the endeavor, they can agree to breach the contract.
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What is failure to perform or follow through with an obligation?
Breach of contract is a failure to perform or follow through with an obligation. A breach of contract can be grounds for a lawsuit against the guilty party.
Does breach of contract void a contract?
A breach of contract does not void the entire contract. It can still be enforced.
Does any breach of contract allow the non breaching party to cancel the contract?
Not every breach allows a contract to be cancelled. It has to be a material breach.
What is the difference between breach of contract and discharge of contract?
Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.
Is the US government in breach of contract with we the people and can we the people sue the government?
Yes we can, and I recommend doing so on the grounds of "Infringement of our Second Amendment Rights"!
What is theDifference between breach of contract and discharge of a contract?
breach is a form of discharge. Generally, a discharge is when a contract ends for any reason. A breach is when one of the parties does not perform under the contract. Breach could lead to discharge, rescission, or damages, or nothing.
What is the opposite of obeying a contract?
breach of contract
Can your car be repossessed if the payments are up to date however the insurance has expired?
it depends on the stipulations in your contract. in most cases any breach of cantract can be grounds for repo
What if a contract condition is not met?
lawsuit for breach of contract
Is it a breach of contract if there is no specification of date to perform in the contract?
if there is no date specify this does not mean there is a breach. for a breach to occur one of the parties to a contract must not have fully performed their obligations. if there is no date specified in the contract the courts will apply a reasonable date
To opt out of a contract?
If you opt out and have the right to do so it is considered terminating a contract. If you unilaterally decide to opt out of a contract and do not have a legal basis to do so; that is considered a breach of contract. If you breach a legal contract you can be sued.
Under what circumstances may breach of contract be charged?
Breach of contract may be charged if either party fails to comply with the terms of a legally valid contract.
