Losses directly referable to a breach or tortious act; losses that can readily be proven to have been sustained, and for which the injured party should be compensated as a matter of right.
Anticipatory breach involves breaking a contract before the actual time of required performance. It occurs when one party repudiates their contractual obligation beforehand by indicating that they will not or cannot fulfill their contractual duties.
A breach refers to the failure to perform some contracted-for or agreed-upon act or to comply with a legal duty owed to another or to society.
A breach of contract occurs when a party fails to fulfill obligations under a legally binding agreement or indicates an intention not to do so. It can result in remedies like damages, injunctions, or specific performance.
A cause of action refers to a set of facts sufficient to justify a right to sue, providing the foundation for a valid lawsuit. This is distinct from a right of action, which is the legal entitlement to initiate a lawsuit.
Civil liability refers to the legal responsibility one individual has to another as a result of non-criminal actions, such as torts or breaches of contract. It encompasses the obligations and potential legal consequences that may arise in civil court.
Compensation, in monetary form, for a loss or injury, breach of contract, tort, or infringement of a right.
Incidental damages refer to losses that are reasonably related to the wrongful conduct that gives rise to a claim for actual damages. These damages are intended to cover additional costs incurred by a party due to another party’s breach or misconduct.
The Labor-Management Relations Act, commonly known as the Taft-Hartley Act, is a significant U.S. labor law passed in 1947 that amended the Wagner Act of 1935. It includes provisions that regulate labor unions and employer practices, aiming to balance the power between employers and unions.
Liquidated damages are a pre-determined amount agreed upon by the contracting parties as a reasonable estimation of damages owed in the event of a breach of contract.
Nominal damages are a trivial sum awarded as recognition that a legal injury has been sustained, even if slight. They are often awarded in breach of contract or intentional tort cases to vindicate the plaintiff's claim where no recoverable loss can be established.
Repudiation refers to the refusal by one party to fulfill their contractual obligations, signaling an intention to withdraw from the contract.
Specific performance is a legal remedy in contract law, requiring the breaching party to fulfill their obligations under the contract, typically enforced when the subject matter is unique.
Tender of Delivery refers to the seller's placement of goods at the buyer's disposal in accordance with the terms of the contract. Failure to tender delivery or refusal to take delivery may constitute a breach of contract.
