A fundamental breach of a contract, sometimes known as a repudiatory breach, is a breach so fundamental that it permits the distressed party to terminate performance of the contract, in addition to entitling that party to sue for damages.
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Famous quotes containing the words fundamental and/or breach:
“We have had more brilliant Presidents than Cleveland, and one or two who were considerably more profound, but we have never had one, at least since Washington, whose fundamental character was solider and more admirable.”
—H.L. (Henry Lewis)
“Moral laws are set as a curb and restraint to these exorbitant desires, which they cannot be but by rewards and punishments, that will over-balance the satisfaction any one shall propose to himself in the breach of the law.”
—John Locke (1632–1704)