Types of Breach Material breach: Substantial failure defeating contract purpose, allows non-breaching party to terminate and sue for damages Minor breach: Small violation, contract continues but damages may be owed Anticipatory breach: Party indicates they won't perform before due date Remedies for Breach Damages (monetary compensation), specific performance (court order to complete contract), cancellation and restitution (end contract and return what was exchanged). Damages Types Compensatory (cover actual losses), consequential (foreseeable indirect losses), punitive (rare, punishment for malicious breach), nominal (token amount when breach caused no real harm).