What is Breach of Contract?

Prescott Breach of Contract Attorneys, AR

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A contract is an agreement offered by one party and accepted by another. Contracts are almost always written documents in Arkansas, but it is not impossible to have an exclusively oral contract. When a contract is not fulfilled by one or more parties, there is a Breach of Contract. Parties occasionally choose not to fulfill their contractual obligations, and sometimes during the course of business, it can 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 Prescott

When one party breaches a contract in Prescott, they will typically pay the other party for the damage that resulted. However, there is often disagreement as to the exact amount. 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't Fulfill a Contract?

Occassionally a monetary award will not help, and in such cases courts in Prescott, Arkansas might grant injunctions that require the party at fault to perform its obligations. You should consider whether this kind of remedy suits your situation, and if it does, the concern must be plead properly to the court so that it can consider the question. 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 Arkansas law.

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How Can an Attorney Help?

If a party intends to violate a contractual agreement, it must proceed cautiously in making its intention known to the other party. If voiced improperly, statements of intent to breach a contract might be taken as wrong doing. When fulfilling a contract becomes unrealistic, it is important to be aware of the unique ways that Arkansas law may impact your case. Prescott, Arkansas If you believe a contract has been or may be violated, you should consult with an lawyer before proceeding. Contracts disputes almost always involve delicate issues of timing. A Prescott, lawyer specializing in contractual breach may lend help when things go wrong.

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