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Editing Contracts/Efficient breach
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In legal theory, particularly in [[law and economics]], '''efficient breach''' is a voluntary [[breach of contract]] and payment of damages by a party who concludes that they would incur greater [[economic loss]] by performing under the contract. | In legal theory, particularly in [[law and economics]], '''efficient breach''' is a voluntary [[breach of contract]] and payment of damages by a party who concludes that they would incur greater [[economic loss]] by performing under the contract. | ||