What defines a "breach of contract"?

A "breach of contract" is defined as the failure to fulfill any terms or conditions outlined in a contract. This failure can occur in various forms, such as not delivering goods on time, not making payments as agreed, or failing to perform agreed-upon actions. This definition underscores the importance of upholding the agreements made between parties, as a breach can lead to legal consequences and require the non-breaching party to seek remedies, such as damages or specific performance.

Completion of all terms and conditions pertains to fulfilling the obligations of the contract, which does not define a breach. A mutual agreement to alter contract terms indicates modifications made by both parties, which is not a breach but rather a renegotiation of the contract. Similarly, negotiating a new contract involves creating a new agreement altogether, separate from any breaches of previous contracts. Thus, the essence of a breach lies in the absence of fulfillment of the stipulated terms.