When you have a contract with someone, you expect that they will abide by it completely. Unfortunately, there are times when contracts are breached. This can lead to legal action in an attempt to get the matter corrected. One thing that might happen is that the party who didn't breach the contract might choose to seek damages for the impacts of the other party failing to meet the terms of the contract.
It may be noted that a strong legal tradition helps people and companies stay out of each other's way. But the law does more than protect people from each other. It creates the ways that people and companies can cooperate with each other to get bigger and better things done.
Breaches of contracts are common. Construction companies fail to complete their work on time, resulting in a homeowner moving into their house later than expected. A medical provider may neglect their duty to protect the privacy of their patients, breaching their agreement that they made with them. These are just two examples of how companies may breach contracts with their customers. There are many different remedies that a company may be ordered to pay when such an event happens.
You sign a contract with a non-compete agreement. At the time, you're just happy to have a job. Ten years later, though, you decide to leave that job and go into business by yourself.
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.