Liability for breach of contract termination

Breach of contract refers to one or both parties' breach of the obligations agreed in the contract, the obligations directly stipulated by the law and the obligations required by the legal principles and spirit. If a party fails to perform its contractual obligations or performs its contractual obligations in a manner inconsistent with the contract, thereby causing losses to the other party, the amount of compensation for losses shall be equal to the losses caused by the breach of contract, including the benefits that can be obtained after the performance of the contract, but shall not exceed the possible losses caused by the breach of contract that the party in breach of contract foresaw or should have foreseen when concluding the contract.

2024-02-23 03:27:51 3317 people have been helped

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Should we be liable for breach of contract after the contract is terminated

It depends on the specific situation. Should the parties agree to terminate the contract Liability for breach of contract Shall be determined by the parties through consultation. For reasons not attributable to either party, one party exercises Termination of Contract The right to terminate the contract, Parties to the contract Neither of them is liable for breach of contract. If the other party unilaterally terminates the contract due to one party's breach of contract, the observant party has the right to require the defaulting party to pay Liquidated damages Compensation for losses. 《 contract law 》Article 98 The termination of rights and obligations under a contract shall not affect the validity of the settlement and liquidation clauses in the contract.

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