How to Take Legal Action When Contracts Are Breached?Published 1 month ago Views (17) Business
A breach of contract occurs when one or more parties involved in the contract fail to hold their end of the bargain. A breach of contract could be anything from a delayed delivery to refusing to make payments.
While a justice system recognizes a contract only when it’s written and signed by all the parties, a party may also be held accountable for a breach of a verbal contract if the circumstances call for it.
However, not only the parties breaching the contract are sued for their inability to fulfill their criteria. An example may include a tenant failing to pay the rent. Even if the contract states that they need to pay a $20 fine every week, they may sue the landlord for exploitation.
From a corporate sector point of view, employment contracts are developed with great care. As it’s possible for the employee to sue the company for their termination, the contracts recognize the scope of compensation and termination terms in most cases.
A breach of contract is not a matter that calls for the same legal action every time. The type of breach is considered before determining the best course...
JONATHAN MABERRYis a New York Times best-seller, five-time Bram Stoker Award-winner, anthology editor, comic book writer, executive producer, magazine feature writer, playwright, and writing teacher/lecturer. He is the editor of Weird Tales Magazine and president of the International Association of Media Tie-in Writers. He is the recipient of the Inkpot Award, three Scribe Awards, and was named one of the Today’s Top Ten Horror Writers
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