Definition
Failing to fulfill your obligations under a contract, which is the civil law version of breaking a promise, except with financial consequences. It's what happens when someone reads the fine print only after things go wrong.
Example Usage
The supplier committed a material breach of contract by delivering 5,000 defective widgets instead of the 10,000 functional ones promised.
Origin
Concept exists in contract law since ancient times, formalized in English common law in medieval period
Fun Fact
Not all breaches are equal—a 'material breach' excuses the other party from performing, while a 'minor breach' just entitles them to damages but not cancellation.
Source: Common legal terminology
Related Terms
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See “breach of contract” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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