What is a breach of contract in business litigation?

A breach of contract in business litigation is when one or both of the parties involved in a contract fail to perform an obligation that they have agreed to. This can be either a partial or complete failure to perform. For instance, if one party fails to pay the other party as agreed upon in the contract, then they have committed a breach of contract. In Virginia, a breach of contract in the context of litigation can occur in a variety of situations. For example, if one party promises to purchase a good or service, but fails to pay, then they have committed a breach of contract. Additionally, if a party fails to perform a duty that was agreed upon in the contract, then they have also committed a breach of contract. If any of these conditions are found to be true, then the other party can file a lawsuit for breach of contract in Virginia. This lawsuit can have different results depending on the situation, but typically the court will rule in favor of the aggrieved party and award them damages for the breach of contract.

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