A fundamental breach (or repudiatory breach) is a breach so fundamental that it permits the aggrieved party to terminate performance of the contract. In addition that party is entitled to sue for damages.
Read more about this topic: Breach Of Contract
Famous quotes containing the words fundamental and/or breach:
“This is the fundamental idea of culture, insofar as it sets but one task for each of us: to further the production of the philosopher, of the artist, and of the saint within us and outside us, and thereby to work at the consummation of nature.”
—Friedrich Nietzsche (1844–1900)
“But to my mind, though I am native here
And to the manner born, it is a custom
More honored in the breach than the observance.”
—William Shakespeare (1564–1616)