Define breach of contract.

Breach of contract refers to the failure, without legal excuse, of a party to a contract to fulfill any of its terms. It occurs when one party does not perform their obligations as agreed, which can include non-performance, partial performance, or improper performance of the contract. A breach can be actual (failure to perform at the time performance is due) or anticipatory (indicating an intention not to perform in the future). The legal consequences of a breach typically include the right of the innocent party to claim damages, seek specific performance, or rescind the contract. Under Nepalese law (Contract Act, 2075), a breach entitles the aggrieved party to remedies as stipulated in the Act, ensuring fairness and enforcing contractual obligations.