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A material breach is a breach that reaches to the heart of the contract’s subject matter and negatively affects the outcome of the agreement. The essential requirement for a material breach is that the non-breaching party did not receive the “substantial benefit” of the bargain. - See more at: http://www.legalmatch.com/law-librar....k5gM1bCn.dpuf
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The Kings are clearly just planning to argue this in court.
Unless Richards just gives up.