A contract is an agreement offered by one party and accepted by another. Contracts are almost always written documents in Colorado, but it is not impossible to have an exclusively oral contract. When a party does not fulfill its duties under a contract, the contract is said to be breached. Individuals and businesses may choose not to fulfill their contracts, but sometimes it may simply be unrealistic to do so. What happens after a breach of contract depends on the situation. Typically, the party who breached the contract is liable for damages the breach caused, and bringing the matter to court is sometimes needed to resolve this issue.

What If Someone Fails to Honor Their End of the Contract in Lafayette

Breaches of contract in Lafayette are typically handled by the party who breached paying the other party monetary damages. The exact amount of damage awards, however, is often a matter of disagreement. The matter might be taken to court if disagreements of this type are not resolved privately. If this happens, the court will require you to state in the initial complaint the amount of damages you feel you need to redress the wrong.

What If I Can

If a money award will not help, courts in Lafayette, might also be authorized to issue an injunction, or in other words, require the other party to do what it agreed to do. It is important to consider your concerns carefully, and once they are determined, they must be properly voiced in order for the court to correct the situation properly. Breaches of contract sometimes involve no wrong doing by the breaching party. Therefore, more than the question of whether a breach of contract truly occurred is considered by courts. How and why the contract duties went unmet are also factors in Colorado law.

How Can an Attorney Help?

If intending to breach a contract, a party must proceed cautiously in letting the other party know. Statements of intent to breach a contract may be taken as wrong doing if they are voiced improperly. It is important to be aware of how Colorado law may impact your case when fulfilling a contract becomes unrealistic. Lafayette, Colorado Since contractual disputes often turn on questions of timing, you should consult an Lawyer as soon as you suspect that a contract has been violated. Many Lawyers in the Lafayette, Colorado area have specialized in contract law.