Hsc300 Unit 4
Topic 4 – Contract
Non-legal implications of a breach of contract would include:
potential loss of creditability in the marketplace and loss of new/return business for the party who breached the contract. Eg, a company selling goods and services, a damaged reputation could result in the loss of new and existing customer contracts. Eg. a breach of a loan contract, the potential loss of credit rating affecting future credit potential and business opportunities.
flow on effects of consequent outcomes for the party against whom the breach has occurred (Latimer 2013). Eg. a contract breach by a car components company against a car manufacturing company would mean the car manufacturing company’s inability to meet their customer contracts,
Non-legal implications of a breach of contract would include:
potential loss of creditability in the marketplace and loss of new/return business for the party who breached the contract. Eg, a company selling goods and services, a damaged reputation could result in the loss of new and existing customer contracts. Eg. a breach of a loan contract, the potential loss of credit rating affecting future credit potential and business opportunities.
flow on effects of consequent outcomes for the party against whom the breach has occurred (Latimer 2013). Eg. a contract breach by a car components company against a car manufacturing company would mean the car manufacturing company’s inability to meet their customer contracts,