Construct · 1 fields · 1 citations

efficient breach: a standalone construct

One name. One construct. A landmark on the map.

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Contract law

the idea that breaking a contract and paying damages is socially desirable when performance would cost more than it is worth to the promisee.

In contract law, efficient breach refers to the idea that breaking a contract and paying damages is socially desirable when performance would cost more than it is worth to the promisee. This meaning comes from Goetz (1977) in Columbia Law Review.[1]

Unit
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Nearby constructs

liquidated damages1 fields · 1 citationsanchor · a standalone construct breach3 fields · 3 citationsjingle · one word, three constructs cost4 fields · 4 citationsjingle · one word, four constructs

References

Goetz, C. J., & Scott, R. E. (1977). Liquidated Damages, Penalties and the Just Compensation Principle: Some Notes on an Enforcement Model and a Theory of Efficient Breach. Columbia Law Review, 77(4), 554. https://doi.org/10.2307/1121823

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