A performance is a presentation or display of a particular skill or talent, often for an audience. It can include various forms of entertainment such as music, dance, theater, or sports. a performance is the reaction or response from the audience, which can range from applause and praise to criticism or indifference. Overall, a successful performance is one that effectively communicates the intended message or emotion to the audience.
Performance refers to the fulfillment of obligations or duties under a contract or agreement.
If one party fails to perform their obligations, the other party may be entitled to remedies such as damages or specific performance.
Specific performance is a legal remedy where a court orders a party to fulfill their obligations under a contract.
It depends on the language of the contract. If the contract includes a force majeure clause, the party may be excused from performance if the event is covered by the clause.
A breach of contract occurs when one party fails to perform their obligations under a contract.
Damages are a monetary award given to the injured party as compensation for the harm caused by the other party’s breach of contract.
Yes, a party may be able to recover damages for lost profits if they can prove that the profits were a direct result of the other party’s breach of contract.
Anticipatory breach occurs when one party indicates that they will not perform their obligations under the contract before the performance is due.
Yes, a party may be able to terminate the contract for anticipatory breach if the other party has clearly indicated that they will not perform their obligations.
The statute of limitations varies by state, but it is typically between 3-6 years.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
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