Breach of contract is a cause of action or claim in civil litigation (lawsuits) that provides the legal basis for a person or entity to recover its damages/losses when another person or entity breaches an enforceable written or verbal agreement (contract) by breaking one or more promises in the agreement.
In Wyoming, a breach of contract occurs when one party fails to fulfill their obligations under a binding agreement, whether the contract is written or verbal. To pursue a breach of contract claim, the aggrieved party must demonstrate that a valid contract existed, that they fulfilled their own contractual obligations or had a valid reason for not doing so, that the other party failed to fulfill their contractual obligations, and that this failure resulted in damages. Wyoming follows the general principles of contract law, which may include compensatory damages to cover the loss, consequential damages for additional losses caused by the breach, and in some cases, specific performance or injunctive relief to enforce the terms of the contract. The statute of limitations for breach of contract in Wyoming is generally 10 years for written contracts and 8 years for verbal contracts, as per Wyoming Statutes section 1-3-105. It is advisable for individuals or entities involved in a breach of contract dispute to consult with an attorney to understand their rights and the appropriate legal remedies available to them.