When a Business Experiences Contractual Issues
It would be wonderful if the business world were free of contract disputes, as a contract lawyer Ridgefield CT trusts can attest. Unfortunately, this is not the case. It is quite common for businesses to enter into a contract only to have one of the parties in breach. When a company is in breach of contract, serious problems could result. Let Legal Sweeney help you remedy the situation. We have many years of working with helping businesses like yours settle business disputes.
What is a Breach of Contract?
A contract is breach when one of the parties named in the contract does not fill their commitment as detailed in the contract. There are a number of ways that a breach can occur, as contract lawyer Ridgefield CT can explain; for example, when a party isn’t able to follow the agreement that was made, doesn’t make payment, or does not deliver something specified within the contract on time. A contract is breach can be categorized four ways:
- Material Breach
- Minor Breach
- Anticipatory Breach
- Fundamental Breach
When a person or business does not complete their obligations, the other party may be able to take legal action. It will be important to speak with a contract lawyer Ridgefield CT relies on at Legal Sweeney so that we can help you navigate the complexities of contract law.
Proving a Breach of Contract
Often when there has been a breach of contract you will have to go before a judge in order to remedy the situation. There are several standards that must be met in order for you to prove that there has been a breach of contract.
- You must be able to prove that there was a contract in place between the parties involved.
- Proof that the other party breeched the contract.
- That the person or business identified as the defendant is the correct person to file a lawsuit against.
- You must be able to prove that you were negatively impacted financially because of their inability to perform the contract that was initially agreed upon.
When one party has broken a contractual agreement, they may be entitled to collect damages in some way for the breach. When one party breaks a contract they had initially agreed to, legal action with the help of a contract lawyer Ridgefield CT may be necessary. One party may choose to seek damages for any losses they may have incurred as a result of the contract being broken. Damages are often in the form of money and are awarded to the party who suffered financial loss as a result of a breach of contract. Damages come in several forms, for example:
- Compensatory Damages
- Nominal Damages
- Punitive Damages
In certain instances, you can also get the other party to perform their obligations under the contract, called specific performance.
As a business owner, you will want to resolve any contract issues you may be having as quickly as possible so that you can get on with your day-to-day business dealings. Call the attorneys of Legal Sweeney today. Let a contract lawyer Ridgefield CT can turn to manage the conflict and negotiate with the other party’s attorneys. We are confident that we can help bring a speedy and just resolution to your contractual issues.