In many cases, contracts are the lifeblood of a business. These legal documents
ensure that each party does what they say they will do and keep things
running smoothly. That being said, when one party fails to uphold their
end of the bargain, it can create a serious hiccup within the company.
If you are on the other side of a breached contract, you may be wondering,
“Now what?” Before prescribing a legal remedy, it is important
to determine what kind of breach occurred and the impact it may have on
Four Common Contract Breaches Occurring Today
Every breach is different and can result in unique consequences based on
the type of business you run. There are, however, four common forms of
contract breaches as detailed below:
Material breach: Occurs when one party fails to perform their duties as described in the
contract and enables the injured business or individual to seek damages in court.
Fundamental breach: Occurs when one party does not receive the goods or services that were
promised in the contract. The injured party can take court action to cease
performance of the contract and sue for damages.
Anticipatory breach: If there is evidence that one party will not be fulfilling their end of
the contract within the designated timeframe, it is considered an anticipatory
breach. One legal remedy is to collect monetary damages.
Minor breach: Occurs when one party fulfills part of their responsibilities, but not
to completion. A minor breach is also considered as such when there are
errors within the contractual work.
What Can I do After My Contract Has Been Breached?
Regardless of the breach that occurred, the negligent party must be held
accountable for their actions. With the help of a
complex litigation attorney, you can take the right steps to resolve your case as swiftly
– and with as little conflict – as possible.
Remedies for a breach of contract can include any of the following:
- Compensatory damages
- Specific performance
- Incidental damages
- Attorney’s fees
The quicker you take action after a breach, the better your chances of
obtaining a favorable outcome. That’s what our firm is here for.
At Sacks Weston Diamond LLC, we bring nearly 100 years of shared experience to
every case. Our legal stamina enables us to secure case results that many
other firms would find impossible, including several billion dollar settlements.
Get in touch with our firm today and fight for a just outcome with a legal team who cares.