Question

Reddington and Cooper enter into a contract. Pursuant to that contract – which original contract was unwritten and enforceable, Reddington is to make a payment to Cooper of $5,000,000. Subsequently, Cooper informs Reddington that, because of Cooper's increased costs, Reddington will need to pay more. Reddington tells Cooper he will pay more, if Cooper will also provide more. Cooper is pleased with that, and agrees, since there really were no increased costs, just increased profits. Cooper then fully complies with the modified terms. Before making the additional payment, Reddington learns that there really were no increased costs, and so declines to make such additional payment. Cooper then sues for breach of contract. What two circumstances would have had to exist for Cooper to win?

Answer 1

A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract. The breach could be anything from a late payment to serious violation such as failure to deliver promised assets.

2 circumstances which indeed necessary for Cooper to win the breach of contract are-

1)A clear, detailed contract- A carefully crafted, an unambiguous contract is a significant step in being clear about the duties and responsibilities of each party. Make sure the terms are very clear, and that they customized to your situation.

2)Evidence-Evidence needs to be truthful, and it should always be preserved. Evidence will be important to demonstrate that one side performed according to the contract.