Resolving Business Contract Conflicts
Contracts are essential elements of doing business regardless of the industry or nature of products and services offered by a particular company. Integral to any contract is the understanding that both parties will follow through with their requirements. That is the ultimate reason for developing these agreements. When this does not happen and one party does not appropriately perform the duties as outlined in a contract, the other party deserves help. At Landrum & Shouse LLP, our team of attorneys has experience in all types of contract breaches and guides clients in Lexington, Louisville and around Kentucky through the process of pursuing compensation.
Understanding Contract Breaches
No two contract breaches may be the same. In fact, there are different types of breaches that may occur.
A material breach refers to a situation in which one party in a contract fails to deliver or perform as outlined in the contract. An example may be the failure to pay after receiving goods.
A minor breach refers to a situation in which one party does technically fulfill the terms of the contract, but some errors or limitations may be involved. An example might be the delivery of products as promised, but the delivery is made later than originally promised.
When pursuing compensation for a breach of contract, it is important to be able to prove four basic things:
- That a valid contract was in place
- That the contract was in fact broken
- That some damage or loss resulted from the breach
- That the other party was in fact responsible for the breach
Breach of contract claims may involve business partners, employees, vendors, subcontractors, distributors, landlords, or even clients or customers.
Our Team Can Help
When the terms of a contract have been violated or other disputes arise, companies should contact the professional team at Landrum & Shouse LLP. Our Lexington, Kentucky-based lawyers are available to help. Call our office at 888-322-2505 or contact us via our website.