When two or more entities seek to form a business arrangement with one another, they will generally implement a contract stating the terms of the agreement. Should one party feel as though another has violated the terms of a contract, it may choose to seek restitution through business litigation. Since matters of this nature can be exceedingly intricate, business owners in Florida may be uncertain how to proceed should a breach of contract occur.
A breach of contract may occur when one party fails to uphold the terms of a business agreement. When disputes of this nature arise, the parties involved may seek to reach a resolution through negotiations. However, since business contracts can be complex documents that may be subject to interpretation, these matters can be highly contested, and should negotiations fail to produce results, litigation may ensue.
In order to pursue restitution through litigation, a company must show that the other party breached the contract, whether in part or whole, and that it was notified of the breach. In addition, the contract must be deemed a valid document, and the company must show that it acted in adherence with the terms of arrangement. There may also be a limited time frame for pursuing legal recourse, which is determined by the statue of limitations in Florida.
With numerous aspects to cover and the potential gravity of the outcome of breach of contract disputes, one may find it advisable to seek guidance early in the process. By speaking with an attorney, a person in Florida could obtain guidance on the best course of action with which to proceed. An attorney can evaluate the situation, along with the contract and, if a breach has occurred, assist a client in pursuing the full amount of compensation to which he or she is entitled.
Source: thebalance.com, “Breach of Contract“, Jean Murray, Accessed on Jan. 31, 2018