Contractual problems refer to issues that arise when two or more parties enter into a legally binding agreement. These issues can range from misunderstandings about the terms of the contract to disagreements over the performance of the contract. Common contractual problems include breach of contract, non-performance, and failure to meet deadlines. SPASMS is an acronym for Specific Performance and Specific Money Damages, which are two remedies available to parties who have experienced contractual problems.