Would I be able to purchase the iPhone 5c and not violate my contract?

I bought the iPhone 5 two months ago and now that the 5c is out, I want to purchase it. I'm not able to upgrade, but what if I just went to the apple store and bought it. Would my phone company let me activate it?

You won't be able to pay the contract price. You would have to pay the full retail price for it. Check this out: To violate your contract they would charge you about $350 more or less. The phone would then cost you $100. Together that is only $450.
But the full retail price of the phone is $550 for the 16GB!

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