Contracts are drafted to protect the interests of two or more parties during business transactions. The legal documents specify the names of the parties involved and the specific terms and time frame of the agreement. If any of the terms are not honored, the wronged party might have grounds to take legal action to resolve the issue. To be able to recognize and address a contract breach, consult the following guide. 

Situations That Constitute a Breach of Contract

For a contract to be legally upheld in court, it must explain in clear language the work to be performed during the business transaction, acknowledgement of the offer, and signatures from both parties demonstrating the terms were accepted. Failing to honor any of the agreed-upon conditions constitutes a breach to the contract; for example, failing to perform work or pay for services rendered, failing to deliver shipments or work on time, or not honoring the agreed-upon rate for a business transaction.

How to Resolve the Breach

If a contract is breached, you have the right to contact a lawyer to file a civil lawsuit and sue for damages. Depending on the nature of the offense, the breaching party might also be requested to pay punitive damages, which involves compensating more than the amount owed for the offense as a form of punishment.

If the terms of your written contracts have not been upheld, bring the matter to Donald L. Spafford, Jr., Attorney at Law, in Honolulu, HI. With over three decades of experience, he will ensure you are treated fairly during business transactions. He will also provide legal advice on what types of contracts you need to protect your company from intellectual property theft and other concerns. To discuss your case in a free consultation, call (808) 532-6300. Visit the attorney online to learn more about his experience and credentials.