efficient breach theory

efficient-breach theory. Contracts. The view that a party should be allowed to breach a contract and pay damages, if doing so would be more economically efficient than performing under the contract. • This relatively modern theory stems from the law-and-economics movement. See BREACH OF CONTRACT. [Cases: Contracts 275. C.J.S. Contracts § 502.]

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词条贡献者

资深译员Barbara，毕业于国内顶尖的高级翻译学院，擅长翻译各类与兼并收购相关的法律文件。