Asked in Auto Loans and FinancingBusiness PlansContract Law
What happens if you break a legal contract?
October 07, 2014 12:21AM
A legal contract is binding. If you break the contract without having the legal right to do so as set in the terms of the contract or by having the contract declared void by a court, the other party has the right to sue you in order to be compensated for the value of the contract.