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 Smithfield
Breaches of contract in Smithfield are typically 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. Disagreements not resolved privately may 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 money cannot redress the harm suffered, courts in Smithfield,Virginia may grant injunctions, which are orders for the party at fault to do what it agreed. If your concerns seem to fit this remedy, you must voice the complaint to the court properly so that it can consider the issue. 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 Virginia law looks to how and why the obligation went unfulfilled.
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 may 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 Virginia law, since it may impact your case in an unique way. Smithfield, Virginia Disputes in contract law can involve complex questions of timing, and so you should consult an Attorney as soon as you suspect that a contract has been violated. Attorneys specializing in contractual breach in the Smithfield, Virginia area can advise you about how best to proceed.