A contract is an agreement offered by one party and accepted by another. Contracts are almost always written documents in Virginia, but it is not impossible to have an entirely oral contract. 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 Petersburg
Breaches of contract in Petersburg are normally 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. If this disagreement cannot be resolved, the matter may be taken to court. Courts typically require you to plead the amount of damages you suffered in the initial complaint.
What If I Can
Sometimes a monetary award will not help, and in such cases courts in Petersburg, Virginia 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. 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 Virginia 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 Virginia law in this area becomes important under these circumstances. Petersburg, Virginia 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 Petersburg, Virginia area will know how to best proceed.