Breach of Contract Business Law in Spartanburg, SC
Businesses rely on contracts to ensure the needs of the enterprise are met. A contract is a legal agreement between at least two parties that outline the rights and obligations of each party. Unfortunately, not all parties always fulfill their duties as defined in the contract. When this occurs, the offending party is considered to be in breach of contract.
Like with any legal issue, any time one party files a breach of contract lawsuit against another person or entity, they must prove their case. This is not always easy. A Los Angeles breach of contract lawyer can help business owners fight for their rights and recover any damages they deserve.
What is Breach of Contract?
In most cases, contracts are legally binding and the parties named within an agreement are required to fulfill the duties outlined within it. When any party refuses or does not fulfill their legal obligations, they are then considered in breach of contract. This concept holds true even when a party breached the contract because they did not fully read or understand the agreement.
However, certain defenses are sometimes raised in breach of contract cases, and those defenses are often valid. For example, a business may enter into a contract with a vendor that provides them with goods or services necessary to run the business. In exchange, the business owner may agree to pay a certain amount of money for those goods or services.
If the business burns down and the owner is not able to operate, receive the goods or services, or pay vendors, this could provide a defense to a breach of contract claim. A business owner may also have another reason to breach a contract, but they must always prove the reason was valid.
Remedies in Breach of Contract Cases
A breach of contract can hurt all parties that entered into the agreement. The law provides many remedies for parties that have been wronged and have suffered loss as a result of the breach. The remedies available are as follows:
- Right to refuse contractual obligations: When one party breaches a contract, the other party is generally under no obligation to continue to fulfill their obligations outlined in the contract.
- Compelling a party to take certain actions: Through a lawsuit, the party that suffered a loss as a result of a breach of contract can force the breaching party to fulfill their obligations under the contract.
- Compensatory damages: Financial damages are often available in breach of contract lawsuits that can compensate the wronged party for their losses.
To pursue these remedies, the party taking legal action must prove a contract was in place and that they met their obligations, while the defendant did not, and they suffered a loss as a result. While this sounds easy, there are sometimes challenges when proving breach of contract, which is why business owners usually require legal representation.
Our Business Lawyers Can Help with Your Claim
A breach of contract can be devastating to a business and when you have suffered harm as a result, it is important to speak to a business lawyer that can help with your claim. At A Business Law Firm, our experienced attorneys will investigate the facts of your case and collect the relevant evidence to prove your claim. Call us today to schedule a consultation with one of our skilled attorneys.