Contracts are meant to outline the expectations within a business relationship and, if violated, can have serious consequences. Therefore, it is important to adhere to the stipulations outlined in a business contract and take the proper steps to change things with the contract if necessary.
A breach in contract can complicate things quickly. Hiring an experienced business litigation attorney who can navigate dispute resolution and contract enforcement can be extremely beneficial if you are facing a contract breach.
Types of Breach of Contract
There are three main types of breach of contract:
- Material Breach: This is when one of the parties absconds on an essential contract term. This breach entitles the nonbreaching party to seek damages, including financial remedies and specific performance.
- Minor Breach: This occurs when a contractual duty is negligently performed or incompletely filled but does not prevent the other party from fulfilling their obligations. While the breaching party must still pay for any damages caused, they are generally not liable for further remedies or penalties.
- Anticipatory Breach: An anticipatory breach occurs when one of the parties expresses their clear intent not to complete certain contractual obligations by a specific date. If a situation arises, it is advised to seek legal help immediately to determine whether you can claim any reliefs or remedies before any actual breach has occurred.
When You Should Hire a Business Disputes Lawyer
When dealing with a breach of contract, knowing when to get legal help is essential. You should seek the guidance of a business litigation attorney when:
- You have attempted to resolve the dispute through direct negotiation with the other party but have yet to reach a satisfactory resolution.
- The contract is complex, involves significant financial stakes, or raises complicated legal issues.
- You and the other party have agreed to engage in mediation or arbitration.
- The dispute has escalated where litigation seems unavoidable or has already commenced.
- You want to mitigate the risks or losses associated with a breach of contract.
Contact Our Charleston Business Litigation Attorneys Today for Help
When faced with a breach of contract case in Charleston, it can be overwhelming and confusing to figure out what you should do next. It may seem daunting, but getting professional legal help from a Charleston business dispute lawyer is the best thing you can do.
At Lesemann & Associates, we understand how complicated and frustrating disputes like these can be and are committed to protecting your interests and finding the best possible outcome for your case.
If you think you or your business is facing a breach of contract issue, contact us today. We will honestly assess your case and provide professional advice on the best course of action for your situation.