While no one enters a business contract intending to break it, it’s crucial to know your options if another party breaches the contract. Seeking the legal services of an experienced breach of contract lawyer can guide you in the right direction.
The Statute of Limitations on Breach of Contract Disputes in Georgia
Since 1985, the breach of contract attorneys at Howe & Associates have gone to court and successfully litigated thousands of contract cases. A breach of contract lawyer at our firm will advise you of your rights with respect to the agreement at issue. They will be able to tell you if it is better to settle or fight it out in court. They will also let you know what remedies are available to you.Breach of Contract Remedies
Compensatory Damages
These cover the economic loss resulting from the breach of contract, to put you in the exact situation you would be in if there were no breach.Consequential or Incidental Damages
These are reasonably foreseeable damages which result from a broken contract.Liquidated Damages
These are terms in your contract which motivate each party to honor the contract.Punitive Damages
This is essentially a monetary punishment for the party breaking the agreement, and is rare because other remedies are usually easier to obtain.Specific Performance
The Court orders the contract breaker to perform and honor the contract. Specific performance is unusual and mostly used to remedy real estate transactions.Other Remedies
There are other remedies such as Recission where both parties are excused from performing their part of the contract and Reformation, where the contract is virtually amended. If you prefer, the breach of contract attorneys at Howe & Associates will defend you in dispute resolution, arbitration or mediation.Our Atlanta Breach of Contract Attorneys Can Help
The timing for having to deal with a breach of contract issue is never ideal. Our attorneys will review your situation and may be able to help your business recover from the partty that breached. From representing your interests during negotiations to providing legal representation in court, count on Howe & Associates to ensure you receive fair compensation or implement other remedies to achieve your business goals. If your business is located in Atlanta or the surrounding areas, and a breach of contract situation, click here or call 678-566-6800 to speak with one of our experienced Breach of Contract lawyers at Howe & Associates.Business contracts and legal agreements are the basis of all business operations. The contract sets out the responsibilities of everyone involved. Not all contracts are perfectly written, and it is difficult for a contract to anticipate every situation. A breach of contract is a failure to fulfill the duties and terms of an enforceable agreement which causes harm to the other party. Since no one ever enters into a contract with the intention of breaking it, you may not fully understand the consequences a breach of contract may cause, or know what remedies are available to you if someone else breaches their obligation to you.If another party fails to fulfill their contractual obligations to you, a skilled breach of contract attorney can help you take the next best steps to negotiate and secure your rightful settlement. Business operations require contracts and legal agreements to outline the responsibilities of all parties involved. When one party breaches a contract, they fail to fulfill the terms and duties of the deal, which causes harm to the business.
While no one enters a business contract intending to break it, it’s crucial to know your options if another party breaches the contract. Seeking the legal services of an experienced breach of contract lawyer can guide you in the right direction.