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The phrase "a default on the contract" is correct and usable in written English.
It can be used in legal or business contexts to refer to a failure to fulfill the obligations outlined in a contract.
Example: "The company faced serious consequences due to a default on the contract, which led to legal action from the other party."
Alternatives: "breach of contract" or "failure to perform".
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And now there are even questions about whether the developer is in default on the contract by subcontracting to another developer with political connections.
Does he default on the contract by seeking comfort in the arms of another?
Blackwater officials instructed its employees to "string these guys along and run this... thing into the ground" because "if we stalled long enough they (Regency) would have no choice but to buy us armored cars, or they would default on the contract," in which case the contractor who hired Regency "might go directly to Blackwater for security".
Any state government that fails to pay those pensions in full are in default on the contracts.
The State Office for Technology said the company hired to do the work, M/A-COM, a subsidiary of Tyco Electronics, had defaulted on the contract because the first installation of the system, near Buffalo, had failed three tests since last September.
The catch is that the Dolphins can get back the prorated portion of the $5 million if Madison defaults on the contract.
Pentagon officials, however, said the company failed to deliver about half the covers, defaulted on the contract and ended up owing the government $126,000.
In the lawsuit, J. P. Morgan is seeking to collect roughly $1 billion because Enron defaulted on the contracts after filing for bankruptcy protection in December.
The Army is in negotiations with Enron Energy Services over its default on the Fort Hamilton contract.
"There is a coordinated default on the long-term contracts which explains why the miners are having so many spot tenders on a daily basis," said a trader in Hong Kong, who estimated that the volume of defaults had reached two to three million tons.
Upon execution of this Contract, Owner shall pay to Contractor $1000 as an advance on the Contract Price as a non-refundable deposit in the event this Contract is terminated for any other reason than the default by Contractor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com