A breach of contract occurs when a party fails to fulfill obligations under a legally binding agreement or indicates an intention not to do so. It can result in remedies like damages, injunctions, or specific performance.
In law, irreparable harm or irreparable damage refers to something that cannot be compensated for adequately in a court of law through monetary compensation, injunction, or specific performance, and for which reasonable redress for the inflicted injury cannot be received.
Nonperformance refers to the failure to do something that one was legally bound to do. The nonperforming party is liable for damages or actions requiring specific performance.
Specific performance is a legal remedy in contract law, requiring the breaching party to fulfill their obligations under the contract, typically enforced when the subject matter is unique.
