Contracts are an essential aspect of daily business relationships in almost every sector of public and private life. While good preparation and management can help avoid many disputes before they happen, dealing with a contractual conflict may be inevitable. In situations where one party has accused the other of not honoring their terms of the agreement, many legal options present themselves. The parties may engage in mediation, arbitration, or litigation. No matter the issue, you can rely on our Bergen County, NJ breach of contract lawyer to intervene and provide immediate solutions. If you have questions about business contracts or other related matters, don’t hesitate to contact Kantrowitz, Goldhamer & Graifman, P.C. for support.
How Breach Of Contract Happens
A contract breach develops when a party or many parties have failed to fulfill their obligations as outlined in the contract. This failure can take on many forms, from not delivering goods or services as promised, or failure to complete work within a set timeframe. For a breach of contract to happen, it must have existed in the first place. In other words, there must have been some kind of legally binding agreement made between the parties. This agreement establishes a mutual obligation that is enforceable by law. As our knowledgeable breach of contract attorney explains, there are different types of contract breaches which have been outline below:
- Minor: otherwise referred to as partial or immaterial breach of contract, this happens when the non-breaching party is entitled to damages that resulted from the breach.
- Material: this is when there is a more substantial violation of contractual promises. In a legal sense, material is regarding the important details, generally significant enough of a breach to conclude an issue.
- Mutual: a breach of contract that occurs mutually is when both parties broke the terms of the contract. This may happen if there is a great change to the circumstances surrounding the agreement.
- Anticipatory: this can be concluded when one party inevitably will be unable to fulfill their obligation when it is contractually due. It is possible for the non-breaching party to sue for damages right away, as they don’t need to wait for the breach to happen first.
- Actual: in comparison to anticipatory breach, this comes after a given performance is anticipated, instead of prior to.
Kantrowitz, Goldhamer & Graifman, P.C.
The purpose of a contract is to include terms that both parties are to take action upon. Anytime one or more parties have broken their terms in a contract is the time to contact our team at Kantrowitz, Goldhamer & Graifman, P.C.. Our Bergen County breach of contract attorney can consult with you further about the breach and strategies for finding a resolution as quickly as possible. We understand that a contractual dispute or breach can cause businesses to suffer. Your business should not encounter loss because of another’s breach. Let us intervene to protect your best interests today.