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MATERIAL BREACH

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A serious and significant breach of contract or failure to perform an important and essential contractual obligation whereby the purpose, value and benefit of the contract is frustrated or lost. This excuses the non-breaching party from further performance and the non-breaching party has grounds to sue for breach of contract.

Related Legal Terms & Definitions
  • PARTIAL BREACH Not a complete breach but partial or immaterial breach. A partial breach may call for…
  • LOST PROFITS Breach of contract damages that make the non-breaching party whole by compensating the party for…
  • CONSTRUCTIVE BREACH See anticipatory breach. When one party either declares that they will not perform on a…
  • OF THE ESSENCE A requirement of a contract that is essential or of vital performance. For example, time…
  • FAILURE OF CONSIDERATION When one party to a contract fails to fulfill its promise or obligation. A breach…
  • ANTICIPATORY BREACH When one party to a contracts anticipates or believes that it is very likely, based…
  • ANTICIPATORY BREACH OF CONTRACT When an event occurs that indicates that a breach of contract is almost certain to…
  • THIRD PARTY BENEFICIARY A person or party that was not a party to a contract but possesses legal…

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