What is the result of not performing contracted obligations?

When a party fails to perform their obligations as outlined in a contract, it constitutes a breach of contract. This legal term refers to the violation of a contractual duty, which can arise from a range of issues, such as failing to deliver goods, not providing services as agreed, or not adhering to the terms specified in the contract. A breach can be classified as either material or minor, depending on the severity of the failure to meet the contractual terms.

A breach of contract provides the non-breaching party with several remedies, which may include the right to sue for damages, seek specific performance, or terminate the contract. Understanding this concept is vital since it underscores the importance of fulfilling one's contractual duties and the potential legal consequences of failing to do so.

Although negotiation, termination, and settled disputes can be outcomes of a breach, they are not the direct result of not performing contracted obligations. Instead, they are actions that may occur as a result of addressing the consequences of a breach, making the identification of a breach of contract as the most appropriate answer to the question.