The failure of one party to perform under a contract entitles the other party to rescind the contract.

Name: The failure of one party to perform under a contract entitles the other party to rescind the contract.
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If one party fails to perform their obligations under a contract, the other party is generally entitled to rescind (terminate) the contract, depending on the terms of the contract and the laws governing it. This is because the failure to perform (breach) undermines the basis of the agreement.

The Failure of One Party to Perform Under a Contract