Asked in
Auto Loans and Financing
Business Plans
Contract Law

What happens if you break a legal contract?

Answer

User Avatar
Wiki User
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.