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:
“In a period of a people’s life that bears the designation “transitional,” the task of a thinking individual, of a sincere citizen of his country, is to go forward, despite the dirt and difficulty of the path, to go forward without losing from view even for a moment those fundamental ideals on which the entire existence of the society to which he belongs is built.”
—Ivan Sergeevich Turgenev (1818–1883)
“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)