Cost-Conscious Solutions to Contract Breaches
You can rely on our business litigation firm, Law Offices of Mark A. Correro, to evaluate your current situation and offer you cost-conscious, practical solutions to even the most complex commercial disputes. Our business lawyers have successfully resolved contract disputes for small businesses, the largest corporations, and everything in between. If there is a solution out there for your problem, you can trust in us to find it.
Our team has experience working with breach of contract claims involving:
- Construction contracts
- Real estate agreements
- Commercial real estate contracts
- Residential real estate contracts
- Lease agreements
- Product and service contracts
- Promissory notes
- Employment contracts
- Non-compete agreements
- Business contracts
How a Contract Breach Occurs
Although violating a contract can be straightforward – someone simply does not uphold their end of the bargain – categorizing the form of contract breach can be more complicated. Most contract breaches will fall into one of four main classifications, each one more damaging than the last. Knowing what sort of contract breach has affected your business can help you more quickly come to a conclusion that settles the matter without sacrificing your own best interests.
The four most common actionable contract breaches are:
- Partial: A violation of a contract that only results in monetary damages to correct or otherwise resolve.
- Material: A contract breach that is significant enough to cause both monetary damages – for businesses, this might mean profit losses – and considerable hardship.
- Fundamental: When a breach of contract is so severe that it risks rendering the entire contract null and void, it is considered a fundamental breach. For example: If you paid someone to deliver a package overnight but it was delayed for a week without reason.
- Anticipatory: The elimination of a contract before a breach actually occurs based on the actions or statements of the violating party. For example: An auto mechanic claims they will have your car fixed and ready for pickup on the 5th – but the 5th is a weekend and the shop is only open on weekdays.
Solutions for Business Owners
Sometimes the best business manager or owner in the world needs a little outside help when it comes to company concerns. If you are facing a breach of contract caused by an employee, shareholder, partner, or anyone else involved with your company, be sure to contact our Houston business litigation attorneys today. We can explore your legal options and find the right solution for you while you continue to focus on other business matters.