What is Breach of Contract?
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 West Memphis
In West Memphis, breaches of contract typically entitle the party not in breach to recover a monetary damage award from the other party. The amount of this award is frequently a matter of dispute in court, however. If this disagreement cannot be resolved, the matter may be taken to court. Courts usually require you to plead the amount of damages you suffered in the initial complaint.
What If I Can't Fulfill a Contract?
Occassionally a monetary award will not help, and in such cases courts in West Memphis, 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. A breach of contract does not always mean that someone did something wrong. Courts consider more then the question of whether a breach of contract truly occurred, but also Arkansas law looks to how and why the obligation went unfulfilled.
Find a West Memphis Lawyer that Specializes in Your Area of Need:
12 Business - Litigation cases posted to LegalMatch lawyers in West Memphis
Breach of Contract Attorneys and Law Firms in the Largest AR Cities
How Can an Attorney Help?
It is typically best for a party intending to violate an agreement to make its intention known to the other party, but extreme care must be used. Otherwise, communications might be taken as admissions of wrong doing. When a party finds itself unable to complete a contract, it is important to be aware of local Arkansas law, since it might impact your case in a unique way. West Memphis, Arkansas 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 West Memphis, Arkansas area have specialized in contract law.