Breach of Contract Disputes

Breach of Contract Disputes

Breach of Contract Disputes The importance of contracts in business and personal operations cannot be emphasized enough. A contract is formed when an agreement is made by one party offering something of value and another party accepts it. There are oral and written contracts, both serve to protect individuals and businesses. Since oral contracts are difficult to prove, written contacts are strongly encouraged. Written contracts serve many purposes including providing terms of the agreement, recording of the deal, reinforcing compliance, and assisting with disputes. Certain contracts, such as real estate transactions and contracts lasting for more than one year, must be written to be enforceable in court. Other contracts will vary according to state laws. What is a Breach of Contract? A breach of contract is a legal cause of action. Unfortunately, parties to a contract do not always agree upon the terms, or a party may not comply with their obligations. A carefully drafted agreement assists with negotiations and assists with consequences in the event of a default by a party. The contract can even specify the damages or consequences of a breach as well as provide for the entitlement to attorney’s fees in the event of a breach. Breach of Contract Disputes involve very serious issues that should not be addressed without the assistance of legal counsel. The best course of action is to consult an experienced attorney. Douglas C. Hiller, Esq. 3132 Ponce de Leon Blvd. Coral Gables, FL 33134 Phone: (305) 456-4607 Fax: (786) 441-4337