An agreement offered by one party and accepted by another is a contract. Contracts normally 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 might choose not to live up to its bargain, and in some situations it may even be impossible to do so. The consequences for a breach of contract are decided 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 Riverwoods
A breach of contract in Riverwoods can lead to the party who did not fulfill its end paying the other party for the damage that resulted. However, there can be contention in court as to the exact amount of the award. Disagreements not resolved privately might be taken to court. The courts will require you in the initial complaint to state the amount of damage that you suffered because of the breach.
What If I Can
If something other than a monetary award is needed, courts in Riverwoods, 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 might consider how to correct the situation. Breaches of contract do not always indicate wrong doing. Therefore, courts do not only consider whether a breach of contract really occurred; how and why the obligation went unfulfilled are also factors in Illinois law.
How Can an Attorney Help?
A party must proceed cautiously in making its intentions known if a breach of contract becomes unavoidable. Statements of intent to violate a contract might be taken as wrong doing if care is not used. Awareness of Illinois law in this area becomes important under these circumstances. Riverwoods, Illinois 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 Riverwoods, Illinois area have specialized in contract law.