5 Steps to Take If Someone Breaches a Business Contract

5 Steps to Take If Someone Breaches a Business Contract

A breach of contract occurs when an agreement is broken. It can happen when one party does not live up to the terms of a contract. When a company is breached of contract, it is essential to take steps to ensure that the breach does not negatively affect its reputation. If your company has been breached of contract, it is vital to take steps to mitigate the damage.

This can be achieved by contacting your customer and asking for their opinion about how you should proceed. If possible, try to determine the customer’s expectations before the breach of contract. It is always wise to have a plan to protect your brand from a breach of contract. This article will explore the steps that follow a breach of contract and how to deal with them.

1. Contact a Civil Litigation Attorney

The first step in following a contract breach is contacting a civil litigation attorney. They will help you pursue the matter and what needs to happen. They will also handle the process of taking legal action from any point and filing a lawsuit.

2. Check the Statute of Limitations

It is only possible to sue someone for breach if you are within the statute of limitations. If you are eligible to file suit, the sooner you act, the more likely the court will accept your claim. Start filing as quickly as possible.

What is the Statute of Limitations?

The statute of limitations is a law that sets a limit on how long after an event the victim (the person you are suing) has to file suit. It varies from state to state; sometimes, it can be as little as one year or as many as three years. As soon as you realize that you are the victim of a crime, you should consult with an attorney to find out how long you have before your statute of limitations runs out and what you must do to bring suit on the matter.

3. Assess the Loss and Damages

Calculate the total damage, including profits lost, salaries, or wages caused by the breach of contract. Ensure that you understand the entire contract(agreement) and spell out the damages correctly in compliance with the law.

4. Try Mediation

Consulting your legal counsel to resolve the dispute is always a good idea. If it’s possible to settle out of court, lawyers can help you devise a plan so that both parties are satisfied. If you are still not satisfied with the outcome of your case, you can file a lawsuit in small claims court.

5. Prepare a Complaint and Be Ready for the Hearing

If you ever feel like a company has breached a contract, notify your company’s complaint department. They’ll handle the issue more fairly and may be willing to compensate you for the hassle. If you need help writing an appropriate complaint, your lawyers can help!

A breach of contract suit can seem tricky to navigate for the wrong reasons. If you take a breach of contract case to court, know that sometimes those tough short-term decisions make long-term strategic sense. The above steps will help you to compile, process, and resolve your case. Never worry about the breach of contract issue/case. Just prepare yourself and engage highly experienced attorneys.