Your three options when a breach of contract occurs

Contracts are drawn up with the main goal of preventing a dispute and deterring conflict. But at the same time, contracts exist so that each party is legally protected in the way they see fit. If you have entered into a contract that has since been breached, you may wonder what action you can take in order to enforce the terms.

The action that you will need to take will depend on the scale of the breach and the way that the breach has affected you or your business. In taking steps to remedy a breached contract, there are three main options to choose from.

Seek to gain damages

Most commonly, the non-breaching party will decide to take action for the purpose of gaining back damages. By doing this, they may be able to gain compensation for the money lost as a result of the breach. In addition, they may be able to gain punitive damages for the inconvenience caused.

Push for a specific action to be taken

If the party feels that monetary compensation would simply not be sufficient, they may require a certain action to be taken by the breaching party to remedy the situation.

Cancel and sue for restitution

If the non-breaching party believes that the breaching party has benefited as a consequence, they may decide to cancel the contract altogether. This will allow them to take legal action without being constrained to the terms held within the contract.

If you are trying to resolve a breach of contract in Florida, you should invest time into understanding what action would be appropriate for your situation.