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Efficient breach

In legal theory, particularly in law and economics, efficient breach is a voluntary breach of contract and payment of damages by a party who concludes that they would incur greater economic loss by performing under the contract.

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Overview

Development of the theory

Criticism

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Map overview Semantic statistics

Efficient breach

Nodes19
Edges18
Triples29
Avg. degree1.89
Density0.105263
Components1

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Efficient breach

Top relations

related to References · 21
Efficient breach → Abraham, American Economic Review, Charles, Columbia Law Review, Contract Law, International Law, John, Klass, Letsas, Liquidated, Naked, Pacta Sunt Servanda, Philosophical Foundations, Robert, Saprai, Scott, Simpson, Some, The American Journal, Wehberg
related to Development of the theory · 6
Efficient breach → According, As, Black's Law Dictionary, Expectation, Judicial, The
is a · 1
Efficient breach → voluntary breach of contract and payment of damages by a party who concludes that they would incur greater economic loss by performing under the contract
related to Posner's illustration · 1
Efficient breach → Judge Richard Posner

Important terminology Word statistics

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Important terminology

breach contract efficient theory damages law would party interference parties cost legal economics economic loss breaching benefits efficiency review profits

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Efficient breachis avoluntary breach of contract and payment of damages by a party who concludes that they would incur greater economic loss by performing under the contract0.90text
Efficient breachrelated to Development of the theoryThe0.60section
Efficient breachrelated to Development of the theoryAccording0.60section
Efficient breachrelated to Development of the theoryBlack's Law Dictionary0.60section
Efficient breachrelated to Development of the theoryExpectation0.60section
Efficient breachrelated to Development of the theoryJudicial0.60section
Efficient breachrelated to Development of the theoryAs0.60section
Efficient breachrelated to Posner's illustrationJudge Richard Posner0.60section
Efficient breachrelated to ReferencesWehberg0.60section
Efficient breachrelated to ReferencesPacta Sunt Servanda0.60section
Efficient breachrelated to ReferencesThe American Journal0.60section
Efficient breachrelated to ReferencesInternational Law0.60section

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    Min side: 3
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