A contract is a legally binding agreement between two or more parties, which specifies, recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable and typically involves the promise or actual performance of services, exchange of goods, or money.
Contracts can coverthings such as sale of property, sale of goods & services, employment contracts, franchise contractsand so on.
If a contract is broken or there is a breach of contract, the party, which suffered a loss as a result of the breach, may be able to sue the party that caused the breach for damages.
Contracts often have many clauses that need to be examined carefully by a legal specialist in order to ensure that you are entering a fair and reasonable contract and that your legal rights are protected. It is vital that you obtain comprehensive legal advice before entering into any contract, as this will allow your lawyer to examine the contract carefully and advise you accordingly. It is often more vital to have a thoroughly examined and negotiated contract when entering into any contract rather than have to enter legal proceedings later on to try to get out of a bad contract or breach of contract.
What is a Breach of Contract?
A breach of contract occurs when a party to a contract fails to perform their obligations under the contract.
A breach may also occur when a party demonstrates that they are unwilling or unable to perform their obligations under the contract
If you think that there was a breach of contract or you anticipate a breach of contract then you need to get legal advice about your right to terminate the contract.
Our lawyers have extensive experience in drafting, reviewing, negotiating and advising on all types of contracts.Speak to one of our highly skilled lawyers today about your contract needs.
Speak to one of our contract specialists today for any of your contract needs.