A breach of contract has the potential to destroy professional relationships. These difficult situations are often unexpected. In fact, you may never have anticipated needing the legal services of a business lawyer in Rockville MD. However, if one party does not uphold their terms of the contract, it can impact your company financially as well as its brand.
In an ideal world, every time two parties decide to enter into a contract together, things go well and the intended goal is obtained. Unfortunately, this is not always the case for many contracts. Even when entered into with the best of intentions, a contract might be breached. Here we cover the four types of a breach of contract:
Minor Breach. This type includes a partial breach, in which the duty was performed but not to the expectations described in the contract. It is possible for the non-breaching party to sue the breaching party for these errors. You can sue for financial damages or request the mistakes are fixed. A business lawyer in Rockville MD can provide you with legal guidance during this process.
Fundamental Breach. This is a more serious level of breach of contract. The other party can sue for financial damages in addition to enforcing the original agreement conditions. For example, if someone were to rent an office space for his or her business but on the day the office is supposed to be empty and ready for use, someone else is still occupying it. The landlord has committed a fundamental breach of contract regarding the lease agreement. With the help of a business lawyer in Rockville MD, you can file a lawsuit for damages and the agreement as described in the contract.
Material Breach. The breaching party has completely failed to uphold their duties as described in the contract. A material breach of contract is the most serious of the four types. The non-breaching party can work with a business lawyer in Rockville MD to recover their damages from the other party. An example of this would be if a worker performed their job as described in the contract, but the other party failed to pay them.
Anticipatory Breach. This is applicable to situations where one party claims the contract will break before it is actually broken. An anticipatory breach is one in which it is obvious the other party in the contract will not be able to uphold their end of the deal within the agreed upon time. If the deadline for a job task to be performed is due tomorrow, yet the other party has not even started, damages for anticipatory breach can be filed because there is no way they can finish the job in time. Consult a business lawyer in Rockville MD to discover if this is a viable option for you.