You have not given enough information for me to provide a meaningful response. By "agreement" I will assume you mean a contract. A contract ordinarily ties both parties to perform some act (or perhaps to refrain from doing something he/she otherwise has a right to do). Ordinarily, when one of the parties fails to perform as required by the contract, the other is released from his/her duty to perform. Sometimes, when one of the parties to a contract fails to perform, the other party is damaged in some way. When that happens, the damaged party may have a cause of action against the defaulting party -- that is, he may be entitled to sue to recover his/her losses. If there are no damages, then it would seem a default by one of the parties would entitle the other to declare the contract null and void.
Answered on Nov 21st, 2011 at 7:09 PM