What is a breach of contract?

In Nebraska, a breach of contract occurs when there is a failure to perform the obligations that are required under a contract. A breach of contract can happen if one of the parties does not fulfill their contractual obligations, such as not providing a service or product that was promised, not paying an agreed-upon amount, or not following the terms of the contract. When a breach of contract occurs, the non-breaching party can sue the breaching party for damages due to their failure to fulfill their obligations. The damages can range from monetary to other forms of compensation, such as specific performance (completion of the task or agreement as detailed in the contract), or the non-breaching party can request the contract be declared void. In some cases, the breaching party may be able to argue that their failure to fulfill the contract was legally justified, such as if they encountered an unforeseen event or a situation was outside of their control. However, this is usually a difficult argument to win, and if the breaching party is found legally liable they will be responsible for the damages specified under the contract. In Nebraska, contracts are often taken seriously, and breaches of contract can result in significant damages. Therefore, it is important to ensure that all parties understand the terms of the contract before signing, and to be aware of any changes or modifications that are made after it has been signed.

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