What is Breach of Contract?

When one party makes an offer and another accepts it, a contract is formed. Generally, contracts will be written documents in New Jersey, but oral agreements of certain types can be the basis of a contract. When a party to a contract fails to fulfill its duties under the contract, it is called a breach of contract. Parties to a contract might choose not to fulfill the bargain, and in some situations keeping with the agreement is simply impossible. The consequences for a breach of contract depend on the situation. One party may be required to pay the other for its loss, and it may sometimes be necessary to bring the matter to court.

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

Breaches of contract in Cresskill are usually 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 may be taken to court if disagreements of this form 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

Sometimes a monetary award will not help, and in such cases courts in Cresskill, New Jersey may 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. Not every breach of contract involves someone doing something wrong. Courts recognize this, and aside from the question of whether a violation of a contract actually occurred, when and how the agreement was breached are also factors in New Jersey contract law.

How Can an Attorney Help?

A party must proceed carefully in making its intentions known if a breach of contract becomes unavoidable. Statements of intent to violate a contract may be taken as wrong doing if care is not used. Awareness of New Jersey law in this area becomes important under these circumstances. Cresskill, New Jersey When contracts are violated, the affected parties should contact an Attorney. Delicate questions of timing can often be conclusive in contract disputes. An Attorney practicing in contract law in the Cresskill, New Jersey area will know how to best proceed.