MLchartDataset catalogue

Breach of contract

Term · Insurance and risk management · MLC-T-INS-000607

A failure, without legal excuse, to perform any promise that forms all or part of a contract. This can involve non-performance, defective performance, or repudiation of obligations. Commercial general liability policies typically exclude coverage for damages arising solely from a breach of contract, as it is a business risk.

Table 1. Record
IdentifierMLC-T-INS-000607
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000607",
  "term": "Breach of contract",
  "field": "Insurance and risk management",
  "definition": "A failure, without legal excuse, to perform any promise that forms all or part of a contract. This can involve non-performance, defective performance, or repudiation of obligations. Commercial general liability policies typically exclude coverage for damages arising solely from a breach of contract, as it is a business risk.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/breach-of-contract/"
}

Record 379 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.