In McKinney and across North Texas, contract violations occur every day. From businesses failing to honor their side of a deal, to consumers not receiving promised goods or services, contracts are breached more than you realize. If you find yourself facing a dispute over a contract, it’s important to work with an attorney experienced in contract law and litigation. But what are the legal options available to a person facing a contract violation?
The Main Legal Options for a Contract Violation
Contract violations can be complicated, with both parties often believing that they are indeed fulfilling the contract. An attorney will advise you of the best available options, and then work towards a successful resolution.
Get a Lawyer to Check the Contract
Careful scrutiny of a contract will determine what rights you have – and whether the other party has breached the contract. This process can also establish the path forward based on the agreed terms of the contract. For example, the contract may contain a termination clause or information about damages based on certain circumstances.
File a Lawsuit
Filing a lawsuit doesn’t guarantee the case will go to court. It is often possible to resolve a case via settlement long before a court case is required. However, when an individual or business has been unable to deal with a contract violation amicably, litigation might be the best option.
Mediation or Arbitration
The process of filing and defending against breach of contract lawsuits can be costly and time-consuming. This is why resolving the case through mediation or arbitration is often the preferred approach. Mediation attempts to solve the contract dispute with the help of a third party. Arbitration is a more formal procedure using an arbitrator to make a judgment.
Seek Damages
One of the main drivers for litigation due to a contract violation is a financial loss. Both consumers and businesses can pay a financial penalty due to breach of contract, and will naturally want to secure damages. Contract violations attorneys will seek damages based on the economic loss caused by a contract breach.
Terminate or Amend the Contract
If a contract violation is significant, an attorney may request the termination of the contract. However, termination of a contract is often difficult and must be handled carefully. Rather than terminate, it may be more beneficial to amend the contract to maintain a business relationship or deal with changing circumstances. Sometimes contracts have been so poorly drafted initially that they cannot be upheld. This is often seen in cases involving confidentiality agreement violations. Ultimately, working with experienced attorneys is always the best approach for creating legally enforceable documents.
Contract Violations Attorneys in Collin County
If you need help with contract violations, litigation and other areas of business law, contact Lucé Law, PC today. Our attorneys provide advice and representation for individuals and businesses dealing with a range of legal disputes. To reach us, call (972) 632-1300 or request a free legal consultation now.