We enter into contracts day in and day out as a normal aspect of conducting business. Contracts help everyone involved in a transaction understand what the terms of an agreement are and the actions expected of each party entering into the contract – but what do you do when you have entered into a contract and someone cannot or will not hold up their end of the bargain?
Breach of contract is actionable under common law and the Uniform Commercial Code, which provide scenarios for damaged parties to receive rescission, restitution, equitable remedy, the recovery of actual damages or recovery equal to the benefit of the bargain, and recovery of expenses made in reliance upon the contract. In a breach of contract claim, attorney’s fees may be awarded.
If you have questions about contracts or any potential or ongoing disputes, do not hestitate to call the expirienced attorneys at The Spencer Law Firm today at (888) 237-4529 or use our contact form.