FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R8KGri8xvqfghB4ViHja406
Label Repudiatory Breach of Contract
Preferred Label Contract Repudiation
Identifier N/A
Alternative Labels

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Definition

A Repudiatory Breach of Contract Claim is a legal action asserting that one party has committed a breach so fundamental that it effectively nullifies the contract, allowing the innocent party to terminate the agreement. This type of claim alleges that the breach goes to the root of the contract, depriving the innocent party of substantially the whole benefit they were intended to derive from it.

Class Relationships

Is Defined By

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available