The city of Sarasota is on the brink of needing to pay $50 million in damages to a plaintiff in a breach of contract lawsuit. The plaintiff, Buck-Leiter Development, a private real estate developer, filed suit against the city years ago because Sarasota allegedly broke its contractual arrangement regarding a parking garage for Palm Avenue. Palm Avenue is a retail and hotel space that developers built on city property.
Contracts help us do business. Just like the rule of law, mutual agreements on services and sales build trust and help everyone participate fairly in the systems of business and real estate. Contracts also help us set things right when there has been a disagreement or failure to deliver one end of the agreement.
When a plaintiff alleges that a breach of contract has occurred, it's vital to correctly interpret the contract as well as the circumstances in which it was allegedly breached. In making such a determination, there are a variety of questions that judges need to ask.
A former executive with Coke Florida has been sued for a breach of contract by his one-time employer.
Many companies or individuals rely on contracts to hold others they decide to do business with accountable for doing what they say they're going to do. They're written where anyone who fails to follow through with what they say that they're going to do, also known as breaching a contract, can be held financially liable for not doing so.
Employers having their new employees sign noncompetition agreements (NCA) has become increasingly popular over the past few decades. Two of the most common reasons that an employer may have one of their workers sign an NCA are either out of goodwill or to protect trade secrets.
Construction is big business in Florida, and contractors and developers are always hard at work fulfilling their customers' needs. Large projects often require multiple companies and services to complete, while renovations and single homes are often handled by a single contractor.
Many industries in Florida, from construction to communication, require a lot of different people and parts working together. Big projects can make responsibility for different segments difficult to track and agree upon, so companies and contractors often rely on preset agreements to dictate how they work together.
A contract is legally binding and must be complied with as noted in the document. There are times when people might not follow these contracts as they are written. At this junction, the other party will have to decide if he or she wishes to pursue legal action for the breach of contract. We can help you go determine what options you have in your case, no matter which side you are on.
When it comes to breach of contract disputes that arise between health systems and doctors, many unnecessary courtroom battles have been fought over a sheer misunderstanding of the contract terms.