There are two primary types of breaches of contracts: minor and material ones. Parties that enter into contractual agreements with one another may be required to meet certain obligations or be subject to certain penalties depending on the type of breach that they're alleged to have had a hand in.
On July 1, a new Florida statute went into effect that aims to change how physicians' non-compete agreements have historically been enforced. Florida Statutes Chapter 542 has now been updated to disallow health care organizations from suing doctors practicing in certain fields or rural areas for violating their non-compete agreements.
A former Florida real estate broker has been sentenced to nearly six years in federal prison for his involvement in defrauding an investor of more than $500,000.
Breach of contract is a serious legal matter because contracts are meant to be followed. When one party doesn't follow it, the other party can suffer damages. The goal of the legal action after the breach is to help the party recover what they lost because of the issue.
Contracts are meant to provide protections for both parties that sign them. Each has conditions that they must meet. When either side doesn't uphold their end of the contract, a breach of contract has occurred. In some cases, this might lead to a lawsuit.
When you signed the contract, you had high hopes for the business partnership moving forward, knowing that it could benefit both of you. When the other party breached the contract, you saw all of those dreams fall apart in a hurry. Now you're wondering what you can do to make things right.
Contracts are legal agreements made between parties. When one party doesn't uphold their responsibilities in the contract, there is a chance that the other will take legal action for breach of contract. Not all of these cases end up in a trial court. Instead, many breaches of contract matters are handled through alternative dispute resolution methods. This includes mediation and arbitration, both of which might be specifically included in a resolution clause in the contract.
Most employees are required to sign a non-compete agreement before they start a new job. This helps the employer to ensure that their business is protected in the event of an employee leaving the company and moving on.
A study conducted by Today's Hospitalist shows that at least 70% of all physicians leave their first employer within at least two years of starting their job. Many of them do so to take on a more exciting opportunity elsewhere. They're often so eager to start the new role that they don't take time to closely review their employment contract. This results in many doctors being sued for breach of contract.
The business world is full of contracts and agreements. One of these is a non-compete agreement, which is made between an employer and an employee. Typically, they are done to prevent the employee to use what they learned at the employer's business to help competitors.