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breach of contract
(redirected from material breach)

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.01 sec.

breach of contract n. failing to perform any term of a contract, written or oral, without a legitimate legal excuse. This may include not completing a job, not paying in full or on time, failure to deliver all the goods, substituting inferior or significantly different goods, not providing a bond when required, being late without excuse, or any act which shows the party will not complete the work ("anticipatory breach.") Breach of contract is one of the most common causes of law suits for damages and/or court-ordered "specific performance" of the contract. (See: breach, anticipatory breach, specific performance)



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The first question that counsel should consider with the franchisor is whether the breach is a material breach under the franchise agreement.
Securities and Exchange Commission filing, Intel believes AMD has "committed a material breach of the cross license", a charge that AMD denied on Monday saying that Intel has no right to terminate rights and licenses covered by the agreement.
Trout's Argument Trout claimed that the failure to timely file the 1999 return was not a material breach and that because it was not a material breach, the OIC was still in effect under general principles of contract law.
 
 
 
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