Contracts are the lifeblood of effective, sustainable business. However, a contract can only protect you if all parties respect its terms. When a business partner violates the terms of a contract, you need a business contracts litigation attorney like those at Gearhart Law to help you. A breach of contract often ends up in court, but a lawyer can help you explore more cost-effective resolutions. At Gearhart Law we always look for ways to resolve the dispute without resort to litigation.
Are you dealing with a breach of contract in New Jersey? Contact Gearhart Law today and learn how our New Jersey breach of contract attorneys can help.
Understanding Breach of Contract
A breach of contract can take several forms and happens when one party fails to meet the contractual obligations laid out in an agreement that’s legally binding. Breach of contract can take several forms.
A small breach that doesn’t significantly impact your business’s operations, finances, or reputation is considered to be a minor breach. A breach that does cause significant or demonstrable harm in these areas is considered to be a major breach of contract, also known as a material breach.
In some cases, you might be informed that the other party is unable or unwilling to fulfill the terms of an existing contract, but the contract terms haven’t yet been violated. This is referred to as an anticipatory breach of contract and can legally be handled similarly to a breach that has already happened.
Legal Options for Handling a Breach of Contract
A breach of contract can be handled in a few different ways. In general, our goal at Gearhart Law for our clients when addressing a breach of contract is to arrive at a satisfactory resolution that requires the least expense and time commitment.
As a result, a breach of contract attorney typically follows an established order of steps. In most cases, going to court over a breach of contract isn’t attempted unless other strategies have been exhausted.
The most common options for addressing the breach of a business contract include:
- Sending a demand letter
- Attending mediation or arbitration
- Filing a lawsuit
The attorneys at our firm have found that when a law firm sends a well-drafted demand letter with responsible terms, the breach can often be resolved then and there. However, in most cases, the circumstances that led to the breach are complicated and require some negotiation. Gearhart Law attorneys are experienced negotiators who can help resolve these issues. If the other party refuses to negotiate or their actions have had a significant effect on your business, filing a lawsuit and moving into litigation may be unavoidable.
Whether a breach of contract is major, minor, or hasn’t yet occurred, the violation of a business contract is a slippery slope that can lead to unforeseen issues for your company.
As soon as you know or suspect a breach of contract, it’s best to schedule a consultation with a contract litigation attorney at Gearhart Law to begin discussing your options.
How Our Breach of Contract Attorneys Can Help
Choosing the correct response is a strategic decision that directly impacts factors like how the breach is resolved, whether you qualify for damages, and what relationship remains with the party who committed the breach. At Gearhart Law, we understand that a breach of contract can have a long-term effect on your business operations in a variety of ways.
Our experienced legal team works with you to understand the circumstances leading up to the breach. We’ll identify resolution strategies and fight to arrive at a solution that protects your business.
The experienced breach of contract litigation attorneys at Gearhart Law understand that much is at stake when a business partner violates a contract. We work with you to understand the situation and negotiate a working resolution.
If a lawsuit becomes necessary, our skilled business contract litigation attorneys will build a case and fight for your rights in court.
When to Call a Breach of Contract Attorney
Knowing when to call a lawyer for a breach of contract is essential for protecting your interests and maximizing your chances of a favorable outcome. It’s best to consult an attorney as soon as you suspect the terms of a business contract were violated.
A breach of contract litigation lawyer can help you assess the situation, evaluate your legal rights and options, and identify a plan for addressing the breach.
Whether you’re just considering sending a demand letter or you’re ready to pursue litigation, having an experienced attorney helping to navigate the situation significantly increases your chances of arriving at a resolution that protects your business. The sooner you consult a lawyer, the better positioned you are to take swift action and avoid mistakes and unnecessary expenses.
Consult a New Jersey Breach of Contracts Lawyer
Gearhart Law is a patent, copyright, and trademark law firm with decades of experience protecting intellectual property in New Jersey. Our experienced business attorneys are well-versed in contract law and can help you navigate a breach of contract in your business endeavors.
Call Gearhart Law today to schedule a consultation with one of our New Jersey breach of contract attorneys.