What is a Breach of Contract?

By November 29, 2013Blog, Business Law

breach of contractWhen it comes to business law, it is important to know what the term “breach of contract” means. Contracts are the lifeblood of business agreements; without them, business agreements may go unfulfilled. A breach of contract is one of the most common reasons people file lawsuits. Because of this, it is important that you know your rights in a business agreement. Has someone not upheld their end of a business agreement? The good news is that you may not be at a total loss.

Defining Breach of Contract:

Understanding the breach of contract concept is simple. A breach of contract occurs when a term of a contract — written or oral — is not upheld. This all-encompassing term serves to describe a number of things that can break a business agreement. For example, if a payment was not made or not made in full, there was a breach of contract. In addition, if a pre-agreed quality of work or time frame for a job was not met, a breach of contract occurred. The list does not end here, though. If a job was not completed all together, a breach of contract also happened. The list continues, but the same basic concept of a term of an agreement not being fulfilled still applies.

File a Breach of Contract Lawsuit Today.

So, what can you do when a breach of contract in a business understanding occurs? Hiring an experienced contract dispute lawyer is your best defense. Whether you have failed to uphold your end of the deal or have not received the service you agreed to, a contract dispute lawyer can help. Filing a breach of contract lawsuit is simple if you have proof of an agreed business contract with a clear list of terms and, of course, evidence that a breach of contract occurred. After this, you can leave the rest of the work to the lawyers.

If you are interested in filing a breach of contract lawsuit, contact the skilled contract law specialists of Gutglass, Erickson, Bonville and Larson Law Firm at (414) 273-1144.

Leave a Reply