Protecting Your Interests In Contract Disputes
Contracts are essential to business dealings because they spell out the obligations of both parties and help protect your business. Sometimes disputes can arise over contracts, and one party (or both) may claim the other failed to honor their obligations under the agreement.
At the first sign of trouble, you should seek legal counsel to defend your rights or possibly take proactive measures. The attorneys of Francis J. Slavin, P.C., have extensive experience in contract litigation and dispute resolution, serving individuals, businesses and government entities across Arizona.
What Is A Breach Of Contract?
In legal terms, a “breach of contract” (also referred to as “breaching the contract”) is related to a party’s failure to fulfill their obligation according to the terms of a contract. For example, a breach may occur when a party fails to perform a service, fails to pay for goods or services rendered, or fails to meet the time frames specified in the contract.
If your company agrees to take some action or make a payment in exchange for anything of value, a legal contract may exist – even if the agreement doesn’t seem like a formal contract. For example, purchase agreements, leases, employment agreements, service agreements for internet/network services, intellectual property licenses (e.g., copyright, patent or trademarks) and other common business transactions are legally enforceable contracts.
What Happens After A Breach Of Contract?
When a breach of contract occurs (or when one party claims breach), one or both of the parties may try to have the contract enforced on its terms, or they may seek to recover for any financial harm caused by the alleged breach.
Parties often resolve business contract disputes by filing a lawsuit and pursuing litigation – the process of resolving a claim in court. Arbitration and mediation are two methods of alternative dispute resolution (ADR) that may assist parties in resolving their breach of contract disputes.
A Lawyer Can Help You Navigate Your Breach Of Contract Dispute
Breach of contract disputes can affect business operations, in addition to being time-consuming and expensive. If your company has been named in a breach of contract lawsuit, or if you believe another party has failed to fulfill its contractual obligations, experienced legal counsel can help you understand your options. An attorney experienced in commercial litigation will review your contractual requirements and work with your business to understand the relationship between the parties involved and your dispute resolution goals. While evaluating your legal remedies, discuss with counsel how your business can document damages and mitigate losses. The right legal counsel will work with you to resolve the breach of contract dispute in the shortest possible time frame and in the most cost-effective manner.
Discuss Your Contract Dispute With An Experienced Attorney
Francis J. Slavin, P.C., strives to be your first call when legal conflicts arise. If you have a contractual dispute or you are being sued for breach of contract, we are here to help. Call our Phoenix law office at 602-381-8700 or contact us online to schedule a consultation.