A breach of contract occurs when a legally-binding contract is broken by one or more parties in the agreement. When there is a violation of a contractual obligation, trouble may ensue, and someone may decide to take the case to court.
How a Breach May Occur
Many people enter into contracts, whether they have a small business or a large company. Often, however, one party may not follow through with their obligation, which causes a breach. There are many different reasons someone may not live up to their end of the contract. They may not want to put in the work necessary to uphold the agreement, or they may realize they have taken on more than they can handle. Another reason could be financial hindrances of holding up a contract. A business could have lost funds they were counting on to uphold the agreement.
Avoiding a Breach of Contract
It is important to always have an attorney look at a contract before signing it. Lawyers are trained to see inconsistencies in documents and know about what kind of loopholes another attorney may try to sneak into a contract. This protects a business from being liable for a breach of contract if they realize later that they did not intend to agree to something in the document they signed.
Contact an Attorney
If you or someone you know needs help with a contract that is not being adhered to, contact a lawyer, like a breach of contract lawyer in Charlottesville, VA from Dale Jensen, PC, today to get started on your case.