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Since contracts are legally binding, all involved parties are obligated to fulfill their terms. A contract dispute arises when this doesn't happen, either because there's an issue with the terms or their completion. Before calling an attorney to negotiate a resolution, review the following facts you should be aware of when it comes to the violation of a contract.

What Is a Breach of Contract?

Although there are several types of contract disputes, breach of contract is among the most frequent violations. This can happen when a party doesn't fulfill terms in the agreement, or when the obligation isn't completed on time or to specifications.

A material breach occurs when there's a total breach, meaning the contract is rendered useless because the violation is too severe. On the other hand, a minor breach is an immaterial violation because the core of the contract remains intact, so involved parties still need to complete the terms. In both cases, attorneys can represent parties who want to seek damages.

What Makes a Contract Valid?

attorneysWhen there's a contract dispute, the first factor that comes into question is the validity of the agreement. Certain features make a contract legally enforceable—namely a valid offer, its acceptance, and the consideration or what the parties are expected to gain. Although legality is more concerned with the content of the contract, these elements aim to discourage illegal consideration. Disputes can develop with any of the elements, even after the parties finish drawing up the contract.

How Do You Resolve a Contract Dispute?

An attorney can help you find an appropriate solution to a contract dispute. Generally, disputes are settled through legal or equitable remedies. Legal remedies mostly entail awarding financial damages to the non-breaching party, including restitution, compensatory damages, and liquidated damages. In contrast, the court can order equitable remedies to resolve the dispute. Parties will then perform actions to correct any error that brought about the conflict.

 

When it comes to contract matters, you can depend on the experienced attorneys at Burglin & Doxey, PC in Fairbanks, AK. For over four decades, this reputable firm has helped clients throughout the state minimize and resolve legal disputes, while also providing top-notch legal services in the areas of real estate law, business law, civil lawsuit, criminal defense, and personal injury. Call (907) 456-4020 today or reach out on their website to schedule an appointment.

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