Understanding Breach of Contract and Legal Remedies in Nepal
A breach of contract occurs when one party fails to fulfill obligations outlined in a contract. Under Nepal’s National Civil Code, 2017, breaches are categorized as actual or anticipatory, triggering the right to seek legal remedies. These remedies include formal court processes, informal methods like arbitration and mediation, or even self-help options in financial agreements. The nature of the breach determines whether the aggrieved party may claim compensation or specific performance or cancel the contract. This article explores breach types, legal definitions, and available actions, helping individuals and businesses understand their contractual rights and protect their legal interests.