BREACH OF CONTRACT

North Carolina Breach of Contract Lawyers

At some point, your business may find itself in a disagreement over a contract. The disagreement may result in a breach of contract claim.

For example, the contract may have been an oral agreement and no one recalls its precise terms. In contrast, the parties may agree on upon the terms but those terms are ambiguous. The conditions described or assumed within the contract may have changed over time. Or, one party may have failed to deliver what was promised or to pay what was owed.

No matter, one party will claim that the other party breached the contract by failing to perform under the terms of the agreement. While you may be able to resolve many of these disagreements amicably, a few will find their way into litigation.

Disputes of this nature can have serious effects on your business. If you are the party injured, the breach may cause you financial losses. Likewise, the breach may damage your relationships with your clients. On the other hand, if you are the party defending against the claims, liability can lead to a judgment against your company, or even you personally, or damage to your reputation. A court-ordered judgment may include interest or attorneys fees. More importantly, there may have been no breach at all or the breach may have been justified.