A community hospital exempt from Federal income tax under. section 501(c)(3) of the Code built an adjacent office building for. doctors in order to encourage members of its medical staff to maintain. their private medical practices near the hospital.
When a contract is intentionally not honored by one party, it is called a breach of contract and is grounds for contract termination. A breach of contract may exist because one party failed to meet his obligations at all or did not meet his obligations fully.
Contracts also may be project specific. A contract may be made for the provision of goods for a project, and upon the completion of the project the contract for these goods or services ends. Parties to a contract may mutually agree to rescind the contract. In that case, the parties may agree on the duties and responsibilities of each party after the rescission. A contract also may end because of a breach. A breach occurs when a party does not fulfill his or her responsibilities under the contract.