Is a business partner or contractor not respecting their agreement? You probably need information on how to deal with a breach of contract. A business can only be as strong as the business contracts that bind it. If a business contract is ever breached, it must be met with immediate action and strict consequences against the offender. If not, the validity of the business itself may be jeopardized, along with its reputation and profits. Here is what you need to know about breach of contract, and how our Virginia business attorneys can help.
How to Deal with a Breach of Contract | Common Examples
Contracts that may be breached and require our attention include:
- Franchise Agreements
- Acquisition and Sale Contracts
- Supply and Third-Party Contracts
- Nondisclosure Agreements
- Joint Venture Agreements
- Vendor Agreements
Business contracts are intricate by nature. Any portion of your business that could be questioned needs to be addressed in an initial contract to avoid misinterpretation and damages. However, among all the numerous forms of contracts, there remains only four primary contract breach types, which apply for both individual contracts, small business contracts, and contracts between major corporations.
How to Deal with a Breach of Contract | Business Litigation
Just as how personal injury claims must reach a certain amount of damages before a case can become valid, contract disputes must involve particular violations for it to become actionable. Our business litigation lawyers can review the details of your claim to determine, first and foremost, if the breach of contract in question is actually extensive enough to warrant a lawsuit in pursuit of financial damages your business has suffered. Additionally, we will want to examine the situation from multiple angles to decide if a lawsuit is the best option for you. In some cases, mediation and conference room negotiations can work wonders were forced litigation cannot.
Our Virginia Business Lawyers Can Help You Thrive
Your business is the backbone of your life and livelihood. Make certain it is respected and operated to the best of your abilities by handling contract breaches as soon as they arise. Get in touch with our Virginia breach of contract lawyer today for an initial consultation.