Legal
Contracts
As much as people
may become nervous about contracts, they must bear in mind that contracts are
there to protect all the parties involved. Where parties are unable to agree on
an aspect of a contract at any time, having the agreement reduced to writing,
with all its relevant clauses, is very beneficial for both parties.
One essential clause
in a contract deals with breaches of the agreement. A breach clause will set
out all the consequences for the various types of breaches and gives both
parties guidance and prescripts.
Bregman Moodley Incorporated specializes in legal
contracts and business law and is on standby to assist you
in resolving your disputes.
Types
of Breach of Contract
Breach of contract
can occur in several ways.
Mora debitoris is a situation where the debtor creates a breach of
contract. The breach arises when the debtor delays performance and the cause is
the debtor's fault.
Mora creditoris is when there has been a breach of contract on the
creditor's part, where his delay has caused the violation and delays the
debtor's performance.
Positive
malperformance is a breach where the debtor commits an act
contrary to the terms of the agreement. It will occur that either the debtor
provides improper or defective performance or performs in a way not specified
in the contract.
Repudiation occurs when a party indicates to the other that they no longer
intend to fulfil the contract. The party will typically try to withdraw from
the agreement without justification. Repudiation can take place wholly or in
part.
Prevention of performance is the final type of contract breach found in South African
Law. In this instance, either the creditor culpably renders the debtor's
performance impossible, or the debtor does so himself.
Should you be
experiencing any instances where there may be a breach of contract, be sure to
contact Bregman
Moodley Attorneys today for expert advice and assistance
in legal
contracts and business law.