What is the difference between a technical breach and a material breach?

Full Question:

What is the difference between a technical breach and a material breach? What is the Doctrine of Mutuality?
04/28/2007   |   Category: Contracts ยป Breach of Co...   |   State: New York   |   #3393

Answer:

A technical breach is a minor divergence from the terms of the contract, a material breach is significant enough to affect the value of the contract. The doctrine of mutuality requires a contract to be based on an exchange of reciprocal promises. The doctrine doesn't apply to unilateral contracts.

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