Simple English definitions for legal terms
Read a random definition: ICPC
Immediate breach refers to a violation of a contractual obligation by failing to perform one's own promise, by repudiating it, or by interfering with another party's performance. This breach entitles the non-breaching party to sue for damages immediately.
For example, if a company hires a contractor to build a house and the contractor fails to complete the work on time or does not follow the agreed-upon specifications, it is an immediate breach. The company can sue the contractor for damages immediately.
Another example is when a tenant fails to pay rent on time. This is an immediate breach of the lease agreement, and the landlord can take legal action to recover the unpaid rent.
In summary, immediate breach is a serious violation of a contract that allows the non-breaching party to take legal action immediately to recover damages.