SlideShare a Scribd company logo
MEANING OF BREACH OF CONTRACT
When either of the parties doesn’t
Perform his/her obligation as per
the contract is the breach of contract.
TYPES OF BREACH OF CONTRACT
a)ACTUAL BREACH OF CONTRACT:
The breach of contract in which the parties
declares his/her unability to perform as per the date
of performance or during the course of performance
or the due date is the actual breach of contract.
Types of Actual Breach of Contract
1. On the due date of Performance:
If any one of the party to
contract refuses or fails to perform his part of the
contract at the time fixed for performance, it is
called breach of contract on the due date of
performance.
2. During the course of performance:
If any party has performed a
part of the contract and then refuses or fails to
perform the remaining part of the contract it is
called as the breach of contract during the course
of performance.
• EG. (1): Nike vs Virat Kohli (Sept 2013)
Nike India has sued its long time brand ambassador Virat
Kohli, alleging breach of contract of an endorsement contract. In its
suit, Nike claimed Kohli had breached the contract by disagreeing to
continue as its brand ambassador till 2014. The five-year contract
from 2008 and was extendable by one year.
Nike had entered into a contract with Virat Kohli from
Aug.1,2008 till july 31,2013 for exclusive endorsement rights. Virat
kohli was paid Rs.1.42 crore for this contract that carried a clause
for extension for another year, till july 31 2014 with certain
conditions.
While planning to extend the contract and also sign Kohli
beyond 2014, Nike was shocked to receive letter from Kohli on june
6 2013. The super giant claims that kohli “made certain self serving
and baseless allegations with respect to implementations of the
contract” and rejected its extension through the letter.
The firm also alleges that kohli’s action was result of non-
acceptance of his unilateral and unreasonable terms suggested by
him earlier.
Nike , in its suit, has pleaded with the court to restrain (Suit
for injunction) Kohli from entering into or negotiating any
endorsement deal with any third party until the expiry of the deal.
The company also held the right to claim damages of an unlimited
amount , said a source.
EG.(3): KUAN VS CARGILL
• Global commodities trader Cargill Inc [CARG.UL] has sued a former employee,
accusing him of stealing trade secrets before he joined rival JBS SA.
• Privately held Cargill filed the case on Thursday in the U.S. District Court of Colorado,
accusing Jason Kuan of breach of contract.
• Kuan resigned on Aug. 1 without prior notice.
• Kuan had worked for Cargill's Case Ready business, which is involved in processing
and packaging meat for retailers.
• He joined JBS, the world's biggest beef producer in early August, after working for
Cargill for about 20 years.
• According to the lawsuit, the company found Kuan's resignation suspicious and
conducted a forensic analysis on Kuan's laptop, which was owned by Cargill.
• The analysis showed that Kuan "downloaded hundreds of highly confidential and
proprietary Cargill Case Ready files to an external hard drive."
• It claims that the hard drive was not returned to the Minneapolis-based company
upon Kuan's resignation.
• Kuan will lead JBS' new stand-alone Case Ready Division, according to an
announcement by JBS cited in the lawsuit.
• "Kuan will inevitably disclose and use the valuable Cargill information in the course of
his employment position with JBS because he is developing a Case Ready meat
business for JBS; this is the same industry and the same type of position Kuan had for
many years at Cargill," the company said.
• Neither Cargill nor JBS could immediately be reached for comment outside normal
business hours.
EG.(3): KUAN VS CARGILL
• Global commodities trader Cargill Inc [CARG.UL] has sued a former employee,
accusing him of stealing trade secrets before he joined rival JBS SA.
• Privately held Cargill filed the case on Thursday in the U.S. District Court of Colorado,
accusing Jason Kuan of breach of contract.
• Kuan resigned on Aug. 1 without prior notice.
• Kuan had worked for Cargill's Case Ready business, which is involved in processing
and packaging meat for retailers.
• He joined JBS, the world's biggest beef producer in early August, after working for
Cargill for about 20 years.
• According to the lawsuit, the company found Kuan's resignation suspicious and
conducted a forensic analysis on Kuan's laptop, which was owned by Cargill.
• The analysis showed that Kuan "downloaded hundreds of highly confidential and
proprietary Cargill Case Ready files to an external hard drive."
• It claims that the hard drive was not returned to the Minneapolis-based company
upon Kuan's resignation.
• Kuan will lead JBS' new stand-alone Case Ready Division, according to an
announcement by JBS cited in the lawsuit.
• "Kuan will inevitably disclose and use the valuable Cargill information in the course of
his employment position with JBS because he is developing a Case Ready meat
business for JBS; this is the same industry and the same type of position Kuan had for
many years at Cargill," the company said.
• Neither Cargill nor JBS could immediately be reached for comment outside normal
business hours.
EG.(4): MICROSOFT VS SAMSUNG
Samsung and Microsoft are both large and sophisticated companies.
In 2011, after months of painstaking negotiation, Samsung voluntarily entered
into a legally binding contract with Microsoft to cross-license IP – an agreement
which has been extremely beneficial for both parties. Samsung had been
complying with the contract and paying to use Microsoft's IP.
Since Samsung entered into the agreement, its smartphone sales
have quadrupled and it is now the leading worldwide player in the smartphone
market. Consider this: when Samsung entered into the agreement in 2011, it
shipped 82 million Android smartphones. Just three years later, it shipped 314
million Android smartphones. [Source: IDC, WW Quarterly Mobile Phone Tracker
– 2014 Q1, Published: May 2014] Samsung predicted it would be successful, but
no one imagined their Android smartphone sales would increase this much.
After becoming the leading player in the worldwide smartphone
market, Samsung decided late last year to stop complying with its agreement
with Microsoft. In September 2013, after Microsoft announced it was acquiring
the Nokia Devices and Services business, Samsung began using the acquisition as
an excuse to breach its contract. Curiously, Samsung did not ask the court to
decide whether the Nokia acquisition invalidated its contract with Microsoft,
likely because it knew its position was meritless.
Microsoft and Samsung have a long history of collaboration.
Microsoft values and respects our partnership with Samsung and expects it to
continue. We are simply asking the Court to settle our disagreement, and we are
confident the contract will be enforced."
b) ANTICIPATORY BREACH OF CONTRACT
The breach of contract in which the either of the
parties expresses in advance his/her unabililty to
perform the task/work as per the contract is called as
the anticipatory breach of contract.
EG.(5): Steve Vs Comp co
In April, Steve orders 100 computers from Compco.
He is supposed to pay $50,000 on May 1 and receive the
computers on July 1. On April 29, Compco's CEO tells
"Unless chip production increases, Compco may have
trouble filling its summer orders." Steve demands an
assurance from Compco and withholds payment of the
$50,000 due on May 1. When Compco hasn't responded
to Steve's request for assurance by the end of the
month, Steve terminates the contract.
EG.(6): John Vs Bob
John owns a large fleet of classic cars and decides
to sell one of the cars to Bob. John and Bob enter into a contract in
which Bob agrees to purchase the car for $50,000 on January 1st.
On December 29th, Bob calls John to say he will not be able to
come up with the entire purchase price of $50,000 by the set date.
Since direct communication took place, John can reasonably
determine that Bob is in anticipatory repudiation, or will breach the
contact, releasing him from his duty to hold the vehicle. John can
now sell the car to another party, or file a lawsuit against Bob for
breaching the contract.
REMEDIES FOR BREACH OF CONTRACT
a) Suit for rescind the contract:
When there is a breach of contract done by any of
the parties the either of the parties can terminate and
discontinue to perform the contract.
Eg. 5 is the best examples for recession of contract.
b) Suit for Damages:
Damages are monetary compensation given to the
injured or agrieved party for the loss or injury suffered by
him as a result of the breach of contract.
There are 4 types of damages :
1. Compensatory damages( Loss or cost directly caused
to the agrieved party due to the breach of contract.)
2. Consequential damages
3. Punitive damages
4. Nominal damages( In this the parties don’t have any
monetary loss but has only technical injury and in this
nominal losses is beared by the parties to compensate
others.)
Eg. 1 is the best illustration for the breach of contract in which
suit for damages can be made by the agrieved party.
c) Suit for quantum meruit:
Quantum meruit means “claim for as much as
earned or performed”. In this if the party was able to
perform some part of the whole work and due to some
issues and reasons there is breach of contract and if the
work got stopped in the middle ,the agrieved party can
claim for the loss beared to him or the total real work
done by the party .
Eg. The best example of this can be real estates in
which the contractors make agreements for making of
apartments but due to misconduct of partners the
contract is terminated and the contractors who involved
in building the house suit for quantum meruit in which
he can claim for as much of the work done or performed
by him in building.
d) Suit for injunction:
Injunction is the legal obligation or decision
made by the legislative body ie courts of any country
taking consideration of the types of breaches he/she
made. In this, order is given by court for restraining a
person from doing a particular act if he/she really
breached the contract. In this a party is obligated to
perform with only to whom the contract is made not
with his/her competitors or any one else.
Eg 5 can be the best illustration in which court
issued the notice to kohli to entact as per the
contract .
e) Suit for specific performance:
Specific performance means carrying out
work as per the agreed in contract. In this the
agrieved party can suit for specific performance and
make them to actually perform the work that he has
made. Such suit may be filed either instead of or in
addition to a suit with the damages depending upon
the nature and losses beared by the agrieved party.
In this case eg. 5 can be the best illustration
since in which kohli may be entitled to perform
specific work .
BreAcH of ConTracT

More Related Content

What's hot

What's hot (20)

Quasi contracts
Quasi contractsQuasi contracts
Quasi contracts
 
Contract of guarantee
Contract of guaranteeContract of guarantee
Contract of guarantee
 
Legality of Object
Legality of Object Legality of Object
Legality of Object
 
Law of contract
Law of contractLaw of contract
Law of contract
 
REMEDIES FOR BREACH OF CONTRACT
REMEDIES FOR BREACH OF CONTRACTREMEDIES FOR BREACH OF CONTRACT
REMEDIES FOR BREACH OF CONTRACT
 
Contract of Indemnity
Contract of IndemnityContract of Indemnity
Contract of Indemnity
 
PPT on the topic Pledge under ICA, 1872
PPT on the topic Pledge under ICA, 1872PPT on the topic Pledge under ICA, 1872
PPT on the topic Pledge under ICA, 1872
 
Discharge of contract
Discharge of contractDischarge of contract
Discharge of contract
 
Remedies for breach of contract
Remedies for breach of contractRemedies for breach of contract
Remedies for breach of contract
 
Discharge of contract (Business Law)
Discharge of contract (Business Law)Discharge of contract (Business Law)
Discharge of contract (Business Law)
 
Consideration (3)
Consideration (3)Consideration (3)
Consideration (3)
 
Winding up of company.pptx
Winding up of company.pptxWinding up of company.pptx
Winding up of company.pptx
 
Doctrine of constructive notice
Doctrine of constructive noticeDoctrine of constructive notice
Doctrine of constructive notice
 
Wagering & Contingent contracts.
Wagering & Contingent contracts.Wagering & Contingent contracts.
Wagering & Contingent contracts.
 
Contract of indemnity and guarantee
Contract of indemnity and guaranteeContract of indemnity and guarantee
Contract of indemnity and guarantee
 
Company Law - Shares Notes
Company Law - Shares NotesCompany Law - Shares Notes
Company Law - Shares Notes
 
Bailment
BailmentBailment
Bailment
 
Sale and agreement to sell
Sale and agreement to sellSale and agreement to sell
Sale and agreement to sell
 
Law of contract
Law of contractLaw of contract
Law of contract
 
Void Agreement
Void AgreementVoid Agreement
Void Agreement
 

Similar to BreAcH of ConTracT

Note please read all the instruction carefully before beginning.docx
Note please read all the instruction carefully before beginning.docxNote please read all the instruction carefully before beginning.docx
Note please read all the instruction carefully before beginning.docx
kanepbyrne80830
 
1. For the short essay questions write your answers in the space pro.docx
1. For the short essay questions write your answers in the space pro.docx1. For the short essay questions write your answers in the space pro.docx
1. For the short essay questions write your answers in the space pro.docx
SONU61709
 
Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...
Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...
Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...
Tara Kissel, M.Ed
 
1. Honor Code Statement. By selecting True” I am stating that I.docx
1. Honor Code Statement.   By selecting True” I am stating that I.docx1. Honor Code Statement.   By selecting True” I am stating that I.docx
1. Honor Code Statement. By selecting True” I am stating that I.docx
SONU61709
 
BOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docx
BOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docxBOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docx
BOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docx
simonlbentley59018
 
Reinsurance Underwriting and Reinsurance Disputes
Reinsurance Underwriting and Reinsurance DisputesReinsurance Underwriting and Reinsurance Disputes
Reinsurance Underwriting and Reinsurance Disputes
HB Litigation Conferences
 
Conspicuous Competition
Conspicuous CompetitionConspicuous Competition
Conspicuous Competition
Pranav Mehra
 
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docxChapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
mccormicknadine86
 
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docxChapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
bissacr
 
LLAW 110BRIEFSChoose one (1) case fr.docx
LLAW 110BRIEFSChoose one (1) case fr.docxLLAW 110BRIEFSChoose one (1) case fr.docx
LLAW 110BRIEFSChoose one (1) case fr.docx
SHIVA101531
 
20130524 Ltr to Ins re Ntc of Claim v2
20130524 Ltr to Ins re Ntc of Claim v220130524 Ltr to Ins re Ntc of Claim v2
20130524 Ltr to Ins re Ntc of Claim v2
Tom Campbell
 
Running head TITLE 1TITLE 6TitleStudent Name.docx
Running head TITLE 1TITLE 6TitleStudent Name.docxRunning head TITLE 1TITLE 6TitleStudent Name.docx
Running head TITLE 1TITLE 6TitleStudent Name.docx
agnesdcarey33086
 

Similar to BreAcH of ConTracT (20)

Note please read all the instruction carefully before beginning.docx
Note please read all the instruction carefully before beginning.docxNote please read all the instruction carefully before beginning.docx
Note please read all the instruction carefully before beginning.docx
 
1. For the short essay questions write your answers in the space pro.docx
1. For the short essay questions write your answers in the space pro.docx1. For the short essay questions write your answers in the space pro.docx
1. For the short essay questions write your answers in the space pro.docx
 
Types of terms within a contract - Contract Law
Types of terms within a contract - Contract LawTypes of terms within a contract - Contract Law
Types of terms within a contract - Contract Law
 
Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...
Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...
Chapter 22: Sales Contracts: Domestic & Global Aspects of Preformace, Breach,...
 
1. Honor Code Statement. By selecting True” I am stating that I.docx
1. Honor Code Statement.   By selecting True” I am stating that I.docx1. Honor Code Statement.   By selecting True” I am stating that I.docx
1. Honor Code Statement. By selecting True” I am stating that I.docx
 
BOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docx
BOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docxBOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docx
BOOK BUSINESS LAW TEXT&EXERCISES 8TH EDITIONChapter 153. .docx
 
Reinsurance Underwriting and Reinsurance Disputes
Reinsurance Underwriting and Reinsurance DisputesReinsurance Underwriting and Reinsurance Disputes
Reinsurance Underwriting and Reinsurance Disputes
 
How To Solve Contract Disputes, Property Disputes, And Personal Injury Cases ...
How To Solve Contract Disputes, Property Disputes, And Personal Injury Cases ...How To Solve Contract Disputes, Property Disputes, And Personal Injury Cases ...
How To Solve Contract Disputes, Property Disputes, And Personal Injury Cases ...
 
Don't drop the ball on Contract Requirements and Performance (for Public Insu...
Don't drop the ball on Contract Requirements and Performance (for Public Insu...Don't drop the ball on Contract Requirements and Performance (for Public Insu...
Don't drop the ball on Contract Requirements and Performance (for Public Insu...
 
Public Construction Procurement - Key Cases Defining the Public Procurement L...
Public Construction Procurement - Key Cases Defining the Public Procurement L...Public Construction Procurement - Key Cases Defining the Public Procurement L...
Public Construction Procurement - Key Cases Defining the Public Procurement L...
 
Law 531 final exam answers are here
Law 531 final exam answers are hereLaw 531 final exam answers are here
Law 531 final exam answers are here
 
Conspicuous Competition
Conspicuous CompetitionConspicuous Competition
Conspicuous Competition
 
Chapter 15: Consideration
Chapter 15: ConsiderationChapter 15: Consideration
Chapter 15: Consideration
 
Remedies of Contract Law | Main Principles
Remedies of Contract Law | Main PrinciplesRemedies of Contract Law | Main Principles
Remedies of Contract Law | Main Principles
 
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docxChapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
 
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docxChapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
Chapter Ten The Law of Contracts and Sales—IIIn our discussion of .docx
 
Terms of a contract
Terms of a contractTerms of a contract
Terms of a contract
 
LLAW 110BRIEFSChoose one (1) case fr.docx
LLAW 110BRIEFSChoose one (1) case fr.docxLLAW 110BRIEFSChoose one (1) case fr.docx
LLAW 110BRIEFSChoose one (1) case fr.docx
 
20130524 Ltr to Ins re Ntc of Claim v2
20130524 Ltr to Ins re Ntc of Claim v220130524 Ltr to Ins re Ntc of Claim v2
20130524 Ltr to Ins re Ntc of Claim v2
 
Running head TITLE 1TITLE 6TitleStudent Name.docx
Running head TITLE 1TITLE 6TitleStudent Name.docxRunning head TITLE 1TITLE 6TitleStudent Name.docx
Running head TITLE 1TITLE 6TitleStudent Name.docx
 

More from Sonu Sah

More from Sonu Sah (16)

InSurAnCe ManAgeMent, BoNus, MuTual FuNds, UnDerWritinG, ACTuarial SciEnce, A...
InSurAnCe ManAgeMent, BoNus, MuTual FuNds, UnDerWritinG, ACTuarial SciEnce, A...InSurAnCe ManAgeMent, BoNus, MuTual FuNds, UnDerWritinG, ACTuarial SciEnce, A...
InSurAnCe ManAgeMent, BoNus, MuTual FuNds, UnDerWritinG, ACTuarial SciEnce, A...
 
Non LiFe InSurAncE/GeNeRal InsuRanCe
Non LiFe InSurAncE/GeNeRal InsuRanCeNon LiFe InSurAncE/GeNeRal InsuRanCe
Non LiFe InSurAncE/GeNeRal InsuRanCe
 
LiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenT
LiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenTLiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenT
LiFe InsUraNcE anD iTs ProDucTs aNd PreMiuM PayMenT
 
InsUraNce, Re-InSurAnce & BanCaSSuraNce
InsUraNce, Re-InSurAnce & BanCaSSuraNceInsUraNce, Re-InSurAnce & BanCaSSuraNce
InsUraNce, Re-InSurAnce & BanCaSSuraNce
 
RisK, RiSk MaNaGeMeNt & EnterPRise RisK ManaGemeNT
RisK, RiSk MaNaGeMeNt & EnterPRise RisK ManaGemeNTRisK, RiSk MaNaGeMeNt & EnterPRise RisK ManaGemeNT
RisK, RiSk MaNaGeMeNt & EnterPRise RisK ManaGemeNT
 
Pokhara- "The Diversity of Nepal's Natural Beauty"
Pokhara- "The Diversity of Nepal's Natural Beauty"Pokhara- "The Diversity of Nepal's Natural Beauty"
Pokhara- "The Diversity of Nepal's Natural Beauty"
 
ProVinCe 1 Of NePaL
ProVinCe 1 Of NePaLProVinCe 1 Of NePaL
ProVinCe 1 Of NePaL
 
ACtivItY BaSeD CostinG, Value ChAin AnalysiS, TargeT cosTing & Life Cycle Cos...
ACtivItY BaSeD CostinG, Value ChAin AnalysiS, TargeT cosTing & Life Cycle Cos...ACtivItY BaSeD CostinG, Value ChAin AnalysiS, TargeT cosTing & Life Cycle Cos...
ACtivItY BaSeD CostinG, Value ChAin AnalysiS, TargeT cosTing & Life Cycle Cos...
 
SuMmeR InTerN PrOJecT REPorT@ PARLE G
SuMmeR  InTerN  PrOJecT  REPorT@ PARLE GSuMmeR  InTerN  PrOJecT  REPorT@ PARLE G
SuMmeR InTerN PrOJecT REPorT@ PARLE G
 
ProJecT RePorT On BuYinG behAvioR of CusTomerS In BiG BazAaR
ProJecT RePorT On BuYinG behAvioR of CusTomerS In BiG BazAaRProJecT RePorT On BuYinG behAvioR of CusTomerS In BiG BazAaR
ProJecT RePorT On BuYinG behAvioR of CusTomerS In BiG BazAaR
 
Project RepoRt on Mkt SegmeNtation Of Lux SoaP
Project RepoRt on Mkt SegmeNtation Of Lux SoaPProject RepoRt on Mkt SegmeNtation Of Lux SoaP
Project RepoRt on Mkt SegmeNtation Of Lux SoaP
 
MARKET SHARE AND PRODUCT AVAILABILITY OF PARLE-G(Biscuits Division)
MARKET SHARE AND PRODUCT AVAILABILITY OF PARLE-G(Biscuits Division)MARKET SHARE AND PRODUCT AVAILABILITY OF PARLE-G(Biscuits Division)
MARKET SHARE AND PRODUCT AVAILABILITY OF PARLE-G(Biscuits Division)
 
PRESENTATION ON PERFORMANCE APPRAISAL SYSTEM
PRESENTATION ON PERFORMANCE APPRAISAL SYSTEMPRESENTATION ON PERFORMANCE APPRAISAL SYSTEM
PRESENTATION ON PERFORMANCE APPRAISAL SYSTEM
 
LOCATION & Layout Analysis @ MARUTI SUZUKI
LOCATION & Layout Analysis @ MARUTI SUZUKILOCATION & Layout Analysis @ MARUTI SUZUKI
LOCATION & Layout Analysis @ MARUTI SUZUKI
 
Market Strategies adopted by the LOVEBIRD Toffees
Market Strategies adopted by the LOVEBIRD ToffeesMarket Strategies adopted by the LOVEBIRD Toffees
Market Strategies adopted by the LOVEBIRD Toffees
 
Direct marketing sem3
Direct marketing sem3Direct marketing sem3
Direct marketing sem3
 

Recently uploaded

Recently uploaded (20)

Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptxJose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
 
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
How to the fix Attribute Error in odoo 17
How to the fix Attribute Error in odoo 17How to the fix Attribute Error in odoo 17
How to the fix Attribute Error in odoo 17
 
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
Basic Civil Engineering Notes of Chapter-6,  Topic- Ecosystem, Biodiversity G...Basic Civil Engineering Notes of Chapter-6,  Topic- Ecosystem, Biodiversity G...
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
size separation d pharm 1st year pharmaceutics
size separation d pharm 1st year pharmaceuticssize separation d pharm 1st year pharmaceutics
size separation d pharm 1st year pharmaceutics
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
Danh sách HSG Bộ môn cấp trường - Cấp THPT.pdf
Danh sách HSG Bộ môn cấp trường - Cấp THPT.pdfDanh sách HSG Bộ môn cấp trường - Cấp THPT.pdf
Danh sách HSG Bộ môn cấp trường - Cấp THPT.pdf
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
The Benefits and Challenges of Open Educational Resources
The Benefits and Challenges of Open Educational ResourcesThe Benefits and Challenges of Open Educational Resources
The Benefits and Challenges of Open Educational Resources
 
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
How to Manage Notification Preferences in the Odoo 17
How to Manage Notification Preferences in the Odoo 17How to Manage Notification Preferences in the Odoo 17
How to Manage Notification Preferences in the Odoo 17
 
Basic Civil Engg Notes_Chapter-6_Environment Pollution & Engineering
Basic Civil Engg Notes_Chapter-6_Environment Pollution & EngineeringBasic Civil Engg Notes_Chapter-6_Environment Pollution & Engineering
Basic Civil Engg Notes_Chapter-6_Environment Pollution & Engineering
 
Research Methods in Psychology | Cambridge AS Level | Cambridge Assessment In...
Research Methods in Psychology | Cambridge AS Level | Cambridge Assessment In...Research Methods in Psychology | Cambridge AS Level | Cambridge Assessment In...
Research Methods in Psychology | Cambridge AS Level | Cambridge Assessment In...
 

BreAcH of ConTracT

  • 1.
  • 2. MEANING OF BREACH OF CONTRACT When either of the parties doesn’t Perform his/her obligation as per the contract is the breach of contract. TYPES OF BREACH OF CONTRACT a)ACTUAL BREACH OF CONTRACT: The breach of contract in which the parties declares his/her unability to perform as per the date of performance or during the course of performance or the due date is the actual breach of contract.
  • 3. Types of Actual Breach of Contract 1. On the due date of Performance: If any one of the party to contract refuses or fails to perform his part of the contract at the time fixed for performance, it is called breach of contract on the due date of performance. 2. During the course of performance: If any party has performed a part of the contract and then refuses or fails to perform the remaining part of the contract it is called as the breach of contract during the course of performance.
  • 4. • EG. (1): Nike vs Virat Kohli (Sept 2013) Nike India has sued its long time brand ambassador Virat Kohli, alleging breach of contract of an endorsement contract. In its suit, Nike claimed Kohli had breached the contract by disagreeing to continue as its brand ambassador till 2014. The five-year contract from 2008 and was extendable by one year. Nike had entered into a contract with Virat Kohli from Aug.1,2008 till july 31,2013 for exclusive endorsement rights. Virat kohli was paid Rs.1.42 crore for this contract that carried a clause for extension for another year, till july 31 2014 with certain conditions. While planning to extend the contract and also sign Kohli beyond 2014, Nike was shocked to receive letter from Kohli on june 6 2013. The super giant claims that kohli “made certain self serving and baseless allegations with respect to implementations of the contract” and rejected its extension through the letter.
  • 5. The firm also alleges that kohli’s action was result of non- acceptance of his unilateral and unreasonable terms suggested by him earlier. Nike , in its suit, has pleaded with the court to restrain (Suit for injunction) Kohli from entering into or negotiating any endorsement deal with any third party until the expiry of the deal. The company also held the right to claim damages of an unlimited amount , said a source.
  • 6. EG.(3): KUAN VS CARGILL • Global commodities trader Cargill Inc [CARG.UL] has sued a former employee, accusing him of stealing trade secrets before he joined rival JBS SA. • Privately held Cargill filed the case on Thursday in the U.S. District Court of Colorado, accusing Jason Kuan of breach of contract. • Kuan resigned on Aug. 1 without prior notice. • Kuan had worked for Cargill's Case Ready business, which is involved in processing and packaging meat for retailers. • He joined JBS, the world's biggest beef producer in early August, after working for Cargill for about 20 years. • According to the lawsuit, the company found Kuan's resignation suspicious and conducted a forensic analysis on Kuan's laptop, which was owned by Cargill. • The analysis showed that Kuan "downloaded hundreds of highly confidential and proprietary Cargill Case Ready files to an external hard drive." • It claims that the hard drive was not returned to the Minneapolis-based company upon Kuan's resignation. • Kuan will lead JBS' new stand-alone Case Ready Division, according to an announcement by JBS cited in the lawsuit. • "Kuan will inevitably disclose and use the valuable Cargill information in the course of his employment position with JBS because he is developing a Case Ready meat business for JBS; this is the same industry and the same type of position Kuan had for many years at Cargill," the company said. • Neither Cargill nor JBS could immediately be reached for comment outside normal business hours. EG.(3): KUAN VS CARGILL • Global commodities trader Cargill Inc [CARG.UL] has sued a former employee, accusing him of stealing trade secrets before he joined rival JBS SA. • Privately held Cargill filed the case on Thursday in the U.S. District Court of Colorado, accusing Jason Kuan of breach of contract. • Kuan resigned on Aug. 1 without prior notice. • Kuan had worked for Cargill's Case Ready business, which is involved in processing and packaging meat for retailers. • He joined JBS, the world's biggest beef producer in early August, after working for Cargill for about 20 years. • According to the lawsuit, the company found Kuan's resignation suspicious and conducted a forensic analysis on Kuan's laptop, which was owned by Cargill. • The analysis showed that Kuan "downloaded hundreds of highly confidential and proprietary Cargill Case Ready files to an external hard drive." • It claims that the hard drive was not returned to the Minneapolis-based company upon Kuan's resignation. • Kuan will lead JBS' new stand-alone Case Ready Division, according to an announcement by JBS cited in the lawsuit. • "Kuan will inevitably disclose and use the valuable Cargill information in the course of his employment position with JBS because he is developing a Case Ready meat business for JBS; this is the same industry and the same type of position Kuan had for many years at Cargill," the company said. • Neither Cargill nor JBS could immediately be reached for comment outside normal business hours.
  • 7. EG.(4): MICROSOFT VS SAMSUNG Samsung and Microsoft are both large and sophisticated companies. In 2011, after months of painstaking negotiation, Samsung voluntarily entered into a legally binding contract with Microsoft to cross-license IP – an agreement which has been extremely beneficial for both parties. Samsung had been complying with the contract and paying to use Microsoft's IP. Since Samsung entered into the agreement, its smartphone sales have quadrupled and it is now the leading worldwide player in the smartphone market. Consider this: when Samsung entered into the agreement in 2011, it shipped 82 million Android smartphones. Just three years later, it shipped 314 million Android smartphones. [Source: IDC, WW Quarterly Mobile Phone Tracker – 2014 Q1, Published: May 2014] Samsung predicted it would be successful, but no one imagined their Android smartphone sales would increase this much. After becoming the leading player in the worldwide smartphone market, Samsung decided late last year to stop complying with its agreement with Microsoft. In September 2013, after Microsoft announced it was acquiring the Nokia Devices and Services business, Samsung began using the acquisition as an excuse to breach its contract. Curiously, Samsung did not ask the court to decide whether the Nokia acquisition invalidated its contract with Microsoft, likely because it knew its position was meritless. Microsoft and Samsung have a long history of collaboration. Microsoft values and respects our partnership with Samsung and expects it to continue. We are simply asking the Court to settle our disagreement, and we are confident the contract will be enforced."
  • 8. b) ANTICIPATORY BREACH OF CONTRACT The breach of contract in which the either of the parties expresses in advance his/her unabililty to perform the task/work as per the contract is called as the anticipatory breach of contract. EG.(5): Steve Vs Comp co In April, Steve orders 100 computers from Compco. He is supposed to pay $50,000 on May 1 and receive the computers on July 1. On April 29, Compco's CEO tells "Unless chip production increases, Compco may have trouble filling its summer orders." Steve demands an assurance from Compco and withholds payment of the $50,000 due on May 1. When Compco hasn't responded to Steve's request for assurance by the end of the month, Steve terminates the contract.
  • 9. EG.(6): John Vs Bob John owns a large fleet of classic cars and decides to sell one of the cars to Bob. John and Bob enter into a contract in which Bob agrees to purchase the car for $50,000 on January 1st. On December 29th, Bob calls John to say he will not be able to come up with the entire purchase price of $50,000 by the set date. Since direct communication took place, John can reasonably determine that Bob is in anticipatory repudiation, or will breach the contact, releasing him from his duty to hold the vehicle. John can now sell the car to another party, or file a lawsuit against Bob for breaching the contract.
  • 10. REMEDIES FOR BREACH OF CONTRACT a) Suit for rescind the contract: When there is a breach of contract done by any of the parties the either of the parties can terminate and discontinue to perform the contract. Eg. 5 is the best examples for recession of contract. b) Suit for Damages: Damages are monetary compensation given to the injured or agrieved party for the loss or injury suffered by him as a result of the breach of contract. There are 4 types of damages : 1. Compensatory damages( Loss or cost directly caused to the agrieved party due to the breach of contract.)
  • 11. 2. Consequential damages 3. Punitive damages 4. Nominal damages( In this the parties don’t have any monetary loss but has only technical injury and in this nominal losses is beared by the parties to compensate others.) Eg. 1 is the best illustration for the breach of contract in which suit for damages can be made by the agrieved party.
  • 12. c) Suit for quantum meruit: Quantum meruit means “claim for as much as earned or performed”. In this if the party was able to perform some part of the whole work and due to some issues and reasons there is breach of contract and if the work got stopped in the middle ,the agrieved party can claim for the loss beared to him or the total real work done by the party . Eg. The best example of this can be real estates in which the contractors make agreements for making of apartments but due to misconduct of partners the contract is terminated and the contractors who involved in building the house suit for quantum meruit in which he can claim for as much of the work done or performed by him in building.
  • 13. d) Suit for injunction: Injunction is the legal obligation or decision made by the legislative body ie courts of any country taking consideration of the types of breaches he/she made. In this, order is given by court for restraining a person from doing a particular act if he/she really breached the contract. In this a party is obligated to perform with only to whom the contract is made not with his/her competitors or any one else. Eg 5 can be the best illustration in which court issued the notice to kohli to entact as per the contract .
  • 14. e) Suit for specific performance: Specific performance means carrying out work as per the agreed in contract. In this the agrieved party can suit for specific performance and make them to actually perform the work that he has made. Such suit may be filed either instead of or in addition to a suit with the damages depending upon the nature and losses beared by the agrieved party. In this case eg. 5 can be the best illustration since in which kohli may be entitled to perform specific work .