Most business transactions today require a contract component. Depending on their subject matter, contracts may be verbal or in writing. When one party to the contract fails to honor its contractual obligations, the consequence is a breach of contract resulting in a contract dispute. Contract disputes regarding the terms or fulfillment of a contract often arise while conducting business. Some contract disputes can be resolved without legal intervention; however, it is more common and necessary for businesses to seek legal representation to resolve the dispute.
A contract dispute or breach of contract can impact a company’s operations and hinder the ability of a company to conduct future business. Immediate and strategic action is necessary to mitigate the negative impact to the company image and/or future earnings.
If you are involved in a contract dispute as a result of another company failing to honor the business agreement or if you are accused of failing to fulfill the terms of a contract, contact an attorney at Shadrix, Lane & Parmer, P.C. to discuss the details of your situation to understand your legal rights and option.