Breaking a contract is a serious matter, and it is important to understand what it is called in legal terms. In legal terminology, breaking a contract is referred to as a “breach of contract.” This occurs when one party fails to fulfill their obligations or promises as outlined in the contract.

When a breach of contract occurs, the other party has the legal right to seek financial compensation or other remedies as outlined in the contract. The severity of the breach and the resulting consequences will depend on several factors, including the nature of the contract, the extent of the breach, and the intentions of the parties involved.

There are several ways in which a contract can be breached. These include:

1. Non-performance: This occurs when one party fails to perform their obligations as outlined in the contract. For example, if a contractor fails to complete a project as specified in the contract, this would be considered a breach of contract.

2. Delayed performance: This occurs when one party fails to perform their obligations within the specified time frame specified in the contract. For example, if a supplier fails to deliver goods within the agreed-upon timeframe, this would be considered a breach of contract.

3. Inferior performance: This occurs when one party performs their obligations, but the quality of their work is subpar. For example, if a contractor completes a project, but the work is not up to the required standard, this would be considered a breach of contract.

4. Anticipatory breach: This occurs when one party indicates that they will not fulfill their obligations as outlined in the contract before the deadline. For example, if a vendor indicates that they will not be able to deliver goods as agreed, this would be considered an anticipatory breach.

In conclusion, breaking a contract is referred to as a “breach of contract” in legal terms. It is important to understand the different ways in which a contract can be breached and the resulting consequences. If you suspect that a breach of contract has occurred, it is important to seek legal advice to determine your rights and options.