Businesses depend heavily on contracts to regulate how a business is run and to prevent future damages. There are still some cases, however, in which a contract is breached by one or more parties. When this happens, litigation is often necessary in order to resolve the issue and recover any damages that were caused by the breach.
Slaughter, Reagan & Cole, LLP’s team of Ventura business litigation lawyers has more than a century of combined legal experience and can help you take action in case of a breach of contract in Ventura County. We handle breaches of employment contracts, sales agreements, shareholder agreements, leases, and other general business contracts.
Breaches of contract can be material or immaterial.
If your business contract has been breached there are three types of remedies you can take:
The most common remedy for breach of contract is “damages”. This means that the breaching party must pay money for violating the terms of the contract. The amount is for covering any loses as a result of the breach and depends on the extent of the damages that were done.
There are many types of damages including:
Specific performance is a remedy to breach of contract that refers to the breaching party’s performance of their duty under the contract. It orders the breaching party to comply with the terms in the contract — they are required to do what they originally promised to do. This remedy is usually considered when the money damages won’t provide adequate compensation to the innocent party.
The cancellation and restitution remedy is for when the innocent party decides to cancel the contract altogether and then sue for restitution instead. With this option, restitution will put the innocent party “back in the position” as it was before the breach. It is intended for the breaching party to return all money or property they received from the plaintiff while under the contract. The cancellation voids the contract completely and relieves both parties of any obligation.
Speak with an attorney from our firm right away to learn what options you have to resolve a breach of contract. Our firm has built a strong reputation for success with clients and peers alike. We are AV® Rated by Martindale-Hubbell® and have been selected for inclusion in the list of California Super Lawyers®. We carefully analyze each client’s case from a cost / benefit standpoint before they retain our services.
Through a free case evaluation, you can learn exactly how a member of our team can help you resolve your contract dispute. Contact us at your earliest convenience to get started!
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.