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August 2016 Archives

What is a minor/material breach of contract?

A contract is a legally binding agreement between two or more parties wherein those parties exchange value for value. In Cincinnati, this exchange most often consists of money in return for goods or services. When one of these parties neglects to perform their duties according to this agreement, a breach of contract occurs. According to the National Paralegal College, the question then is whether the breach is minor or material.

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