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:
“What is wanted—whether this is admitted or not—is nothing less than a fundamental remolding, indeed weakening and abolition of the individual: one never tires of enumerating and indicting all that is evil and inimical, prodigal, costly, extravagant in the form individual existence has assumed hitherto, one hopes to manage more cheaply, more safely, more equitably, more uniformly if there exist only large bodies and their members.”
—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)