An agreement offered by one party and accepted by another is a contract. Contracts commonly take the form of written documents in Illinois, but certain oral agreements can also be considered contracts. Breach of Contract is when a contract is not fulfilled by one or more parties. In the course of business, a party may choose not to live up to its bargain, and in some situations it might even be impossible to do so. The consequences for a breach of contract are determined by the circumstances. Often, the party at fault will pay the other for the loss caused by the breach.
What If Someone Fails to Honor Their End of the Contract in Madison
A breach of contract in Madison typically entitles the party who fulfilled its end to recover monetary damages from the party that did not. The exact amount of these damage awards, however, is usually a subject of contention in court. Disagreements may be taken to court if they are not resolved privately. When taking the matter before a courts, procedure will generally require you to plead the amount of the damage award you seek in the initial complaint.
What If I Can
If something other than a monetary award is needed, courts in Madison, Illinois are authorized to grant injunctions, ordering the party at fault do what it agreed. If you seek this kind of remedy, your concerns must be properly voiced to the court so that it may consider how to correct the situation. Breaches of contract sometimes involve no wrong doing by the breaching party. Therefore, more than the question of whether a breach of contract actually occurred is considered by courts. How and why the contract duties went unmet are also factors in Illinois law.
How Can an Attorney Help?
When violation of a contract duty is unavoidable, the affected party must make its intention known to the other party in the proper way. Statements of intent to violate a contract may be taken as wrong doing in certain contexts. Illinois law may impact your case when keeping a contract becomes impossible. Madison, Illinois If you believe a contract has been or may be violated, you should consult with an Attorney before proceeding. Contracts disputes almost always involve delicate issues of timing. A Madison, Attorney specializing in contractual breach can lend help when things go wrong.