What Do I Do if My Small Business Is Party to a Contract that Has Been Breached?
Business Litigation Lawyer Washington DC
There are few aspects of small business that aren’t affected by contracts. From signing contracts with Internet providers to suppliers, vendors to employees, contractors to customers, contracts are an integral part of almost every small business operation. Contracts are agreements (hopefully) made in good faith and unfortunately, agreements can fail. Parties can stop acting in good faith, circumstances beyond anyone’s control can compromise the ability of a party to perform their duties under the terms of a contract, and intentional breach of the original agreement can render the contract virtually useless. With that said, it’s important to understand that when something goes wrong, intentionally or unintentionally, and a contract with your small business has been breached, you likely have legal options available to you. You can explore these options and learn more about your rights as a party to the breached contract by speaking with an experienced business litigation attorney.
Small Business Contract Breach Issues – The Basics
Breach of contract occurs when one party to a legally enforceable contract fails to uphold any of the promises they have agreed to within the context of that contract. Relatively minor breaches can often be addressed without taking any legal action. Say that your small business has ordered a specific quantity of baby onesies from a vendor in various sizes in exact amounts. Instead of receiving the 2,000 size small, 2,000 size medium, and 1,000 size large infant onesies you were expecting, you received 1,800 small, 2,000 medium, and 1,200 large onesies. A call from your attorney to the vendor could allow the discrepancy to be addressed in short order.
However, if a material breach of your contract occurs and the other party neither has a legally protected excuse for the breach nor has any intention of righting their failure, legal action may be warranted. Say that the shipment of baby onesies you ordered never arrived and the vendor in question refuses to send a replacement order. In this case, your attorney may advise that you file legal action to seek damages both because you ordered the product in good faith and because your business was impacted by the vendor’s failure to deliver. An attorney can explain the options available to you after learning more about your unique situation.
Legal Assistance Is Available
If your small business is suffering as a result of another’s breach of contract, please know that an experienced business litigation attorney can help. Scheduling a confidential consultation with a lawyer will allow you to explain what the expected outcome of your contractual agreement was and what went wrong. Once a lawyer understands how your business has been affected by this challenge and has a chance to review the contract in question, you’ll be provided with personalized guidance concerning your next steps. The decision to take legal action or not is always up to you; there is no obligation associated with speaking to an attorney.
For more information about business contracts, contact a business litigation lawyer Washington, DC recommends. Call the Eric Siegel Law firm today.