Whether you are buying a property, starting a business, or borrowing funds, a contract between yourself and the other party will be central to fulfilling your goals. Yet despite its legally binding nature, it is not uncommon for these documents to be violated in any number of ways.
A Breach of Contract not only interferes with the central purpose of your agreement, but its repercussions can prove costly in terms of lost money, time, and peace of mind. That is why Jurado & Associates’ Litigation Attorneys will work tirelessly in and out of court to see to it that justice is done.
The Vital Importance of Contracts
To fight for your rights, it is crucial to understand them. In the simplest terms, a contract is an agreement between parties that creates, defines, and governs their mutual obligations and duties. It can concern a wide variety of activities and subjects and can be either written or oral.
When you enter a contract with one or more parties, you are not merely exchanging promises to one another, such as a good or service in return for compensation—you are binding yourselves to the terms, conditions, and obligations set forth in your agreement. This means that the duties required of the parties are enforceable under the law, which makes a breach of contract grounds for a lawsuit.
What is a Breach of Contract?
In laymen’s terms, a breach a contract is a violation of one or more of its terms—specifically, when a party fails to fulfill its obligations—such as by not paying the rent set forth in a lease agreement, or not delivering a shipment of goods in a vendor agreement. A contract can be breached in whole or in part: For example, a supplier may deliver the goods as required in the contract but do so substantially late.
A contract can also be breached if the breaching party indicates it is unwilling or unable to fulfill its side of the bargain. For instance, a party may express they will not have the tools or time to perform their task as required or by deadline set forth in the contract.
Ultimately, what constitutes a breach of contract will vary significantly based on the specific provisions of the contract. However, any breach will give grounds to the innocent party to seek a “remedy” in the form of damages, i.e., monetary compensation. While breaches can potentially be settled through mediation or arbitration, the surest way to enforce the contract and ensure that you receive due compensation is through litigation in the courts.
Jurado & Associates, P.A. Will Help You Find Justice
The first step towards resolving a breach of contract is understanding the circumstances of the contract and its content. Our Litigation Attorneys have experience representing parties who have suffered losses from contract breaches. We will review all the details with a meticulous attention to the most pertinent facts and circumstances. Our team will fight passionately for your right to receive damages and be able to move forward in your life. Jurado & Associates are not only your advocates, but your partners for justice. If you are facing are facing a contract dispute, already engaged in potential litigation, or simply wish to learn more about our services, call (305) 921-0976 or email [email protected].