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.
