Business contracts and legal agreements are an integral part of how business is run. When contracts are used, there are designed to make the role of everyone involved very clear. No matter how hard you may try, not all contracts are written correctly. It’s virtually impossible to come up with for instances for every possible situation a person may run across. If a break of contract is evident, there is a failure to fulfill the promises set forth in the contract and action needs to be taken. A business contract is an enforceable agreement and when it is broken, harm is done to the other party. There are many consequences to a breach of contract. You need to understand the remedies that are available to you if you have a contract broken, or your company is put in a place where the contract is too limiting.

Don’t delay! Did you know there is a statute of limitations on breach of contract disputes? If you need help with negotiating a fair settlement, call us!

Howe and Associates is a dedicated law firm with vast experience in contract cases. We’ve successfully handled thousands of contract cases since 1985. We have expert breach of contract lawyers who will work with you to develop a reasonable agreement between you and the other party. The lawyers will advise you on the right course of action and help you no matter what action needs to be taken – from settling a suit to going to court. They will inform you of your many options.

Breach of Contract Remedies

Compensatory Damages – these are equal to the funds lost from the breach of contract. With compensatory damages, you’ll be placed in the exact same place financially that you would have if there were no breach of contract.

Consequential or Incidental Damages – these are equal to any future damages that are on the line because of a broken contract.

Liquidated Damages – these are terms within the contract that coerce each party to honor the contract

Punitive Damages – these are rarely used because it is often simpler to obtain other remedies. These are monetary punishments that result from the party breaking the agreement.

Specific Performance – the court may order to contract breaker to honor the contract, but it is very unusual. It is most often used in real estate transactions.

Other Remedies may include Recission, when both parties are excused from the contract’s legally binding terms, and Reformation, when the modification of the contract occurs. If you prefer, the breach of contract attorneys at Howe & Associates will defend you in dispute resolution, arbitration or mediation.

Contact Atlanta Breach of Contract Attorneys Now.