Contract breaches may lead to litigation
Contracts contain requirements for both parties, and it’s critical that they’re all met in accordance with the contract terms. When terms aren’t met by either party, a contract breach occurs. The circumstances surrounding the breach determine what type of breach happened and what resolutions are possible. This sometimes leads to significant problems for the wronged party. These are major issues if they result in losses for that party. It’s critical to review the contract to determine whether there are any requirements for how the breach is handled. Many contract breaches are resolved through...