When two parties enter into a binding and lawful contract and one party fails to uphold their end of the bargain, the other party may have the ability to pursue a legal claim for damages. In cases where the contact involved a loan or regular payments to be made by one party, if the other party fails to make those payments, then the amount to pursue in such a lawsuit is relatively straightforward.
In a recent matter relating to a breach of contract dispute, a married couple in Clearwater is facing charges that they breached their contract with Autovest Financial Services, LLC. The auto financing company alleges that they owe approximately $6,600 because they defaulted on their obligation to make regular payments under contract.
The complaint alleges that the couple served as predecessor-in-interest relating to a retail installment sale contract. According to Autovest Financial, the couple failed to make the payments they were responsible for in spite of numerous demands.
Because the couple has defaulted on their contract, Autovest is demanding payment of the amount owed in addition to unpaid interest in the lawsuit. The financial services company has also requested a trial by jury. However, in most breach of contract matters like this, the parties are able to reach an out-of-court settlement before the trial date arrives.
If you're being accused of breaching a contract, or if you believe that someone has harmed you due to a breach of contract, you might want to investigate your legal rights and options to determine with an experienced Florida business law attorney.