what is breach of contract?
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Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance.
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Breach of contract arises in two ways, which are as follows:
• Anticipatory breach
• Actual breach
Anticipatory breach of contract: It is a breach of contract when one of the parties to contract declares his/her intention of not performing the contract prior to the time when the contract is actually due.
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