When entering into a business relationship with another person or company in New Jersey, it is vital that everyone involved know how the relationship will work. As a result, you took the steps necessary to create a contract that included details important to the relationship you intended to carry out with the other party.
Though everyone involved signed the appropriate documents to indicate that they understood the terms, you have found yourself in a difficult predicament because the other party did not abide by those terms. You believe that a breach of contract has occurred, and now, you want to go over the details of the situation to be sure.
Were the terms breached?
If you suspect that the other party did not fulfill his or her end of the bargain, it is important that you know exactly how that person breached the terms. Some issues you may have encountered include the following:
- The contract included the date of completion for the entire project or dates for completing certain milestones relating to the project, and the other party did not abide by those dates, leading to delays and extended time on the project.
- The contract indicated that certain information relating to the business relationship should remain confidential, but the other party disclosed confidential information to outside parties, leading to damages.
- The contract stated when and how to make payment and the amount of payment, but the other party either did not pay you properly for services rendered or is trying to obtain more money than the agreed-upon amount.
- The contract detailed the duties of each party involved, and the other party did not perform those duties or did not do so in a satisfactory manner.
If any of these apply to your predicament, you may have reason to file a lawsuit for breach of contract.
Moving forward with business litigation can certainly be a major decision to make. Unfortunately, if you and the other party cannot agree to a remedy of the breach and its subsequent damages, legal action may be your best option. In order to gain more information on litigation and how you can protect your company and seek compensation for damages, you may want to discuss your particular situation with an experienced business law attorney. This legal professional can thoroughly assess your circumstances and help you find the best course of action.