Maitland Contract Dispute Attorney
Contracts are a necessary part of doing business. They form legal agreements between two or more parties, and hold those parties accountable for doing what they say they will do, enabling both the peace of mind that products will be delivered on time, employees will perform the work they are paid to do, and services are rendered in a satisfactory manner. But when contract disputes arise, disagreements can quickly turn into serious matters that impact your ability to run your business. Whether you are involved in an employment contract dispute, a disagreement with a partner, or a dispute with another business entity, the Maitland contract dispute attorneys at The Hornsby Law Group can help you reach a desirable outcome.
What is a Contract?
A contract is an agreement between two or more parties. Contracts exist in all areas of our society, particularly among businesses, which generally have multiple contracts with employees, partners, financial institutions, vendors, and other businesses. Business, commercial, and employment contracts are legally binding, meaning that one party has the right to seek damages from the party that does not uphold their end of the deal. In order for a contract to be valid, it must include the following:
- Offer
- Acceptance
- Awareness
- Consideration
- Capacity
- Legality
If the contract is valid, the party that suffered a financial loss has the right to file a tort with the other party, demanding compensation through the court system.
What is a Breach of Contract?
A breach of contract occurs when one party does not do what they said they were going to do in the contract, resulting in harm to the other party. For example a car dealership signs a contract with a contractor that is hired to perform work on the dealership building. The contractor fails to finish the work in time, causing the dealership to remain closed for a month longer than anticipated. The dealership could sue the contractor for lost revenue because of the breach of contract.
Types of Breach of Contract
There are four types of breach of contract:
Anticipatory Breach of Contract—One party notifies the other that it will not be able to fulfill part of the contract.
Actual Breach of Contract—One party fails to fulfill an obligation within the contract. There are two types of actual breaches:
- Material Breach of Contract—One party does not receive what was promised in the contract.
- Minor Breach of Contract—One party receives the goods or services, but not everything in full (there may be missing product or late delivery of services).
Determining what constitutes a breach, and whether one of the parties suffered harm because of the breach, is a complex matter. While a written contract may exist, deciphering it is not always that simple.
Call a Maitland Contract Dispute Attorney Today
As a plaintiff, we will strongly advocate for your best interests by seeking maximum compensation for your losses. We also defend clients who have been wrongly accused of breaching contract; specializing on both sides gives us knowledge of what the other party’s lawyers are likely up to. Do not hesitate to contact our Maitland contract dispute attorneys at The Hornsby Law Group today to schedule a free consultation.
