lepingurikkumise

Lepingurikkumise, also known as breach of contract, refers to the act of one party failing to fulfill their obligations as outlined in a legally binding agreement. This term is commonly used in the context of business and legal transactions, where contracts serve as the foundation for mutual agreements between parties. Breach of contract can occur in various forms, including non-performance, material breach, and anticipatory breach. Non-performance involves the failure to carry out a specific duty as required by the contract. A material breach refers to a significant deviation from the contract's terms, which may render the contract unenforceable. Anticipatory breach occurs when one party takes actions that make it impossible for the other party to perform their obligations. When a breach occurs, the non-breaching party may seek remedies, such as damages, specific performance, or injunctive relief, depending on the circumstances and the terms of the contract. The legal consequences of breach of contract can vary based on jurisdiction and the specific details of the agreement. It is essential for parties involved in contractual agreements to understand their rights and obligations to mitigate the risks associated with potential breaches.