How can you handle a contract breach?

On Behalf of | Dec 23, 2020 | Business Litigation |

As a business owner in Los Angeles, it is up to you to have a failsafe if you run into contract troubles. The bigger your toolbox, the more flexibility you have when it comes to approaching and managing issues like contract breaches.

First, you can start with a key question. What are some of the steps you can take when dealing with a contract breach?

Get your facts in order

The National Federation of Independent Business examines ways to handle a breach of contract. First, find the facts. As a small or medium sized business, you are in a unique position to identify breaches in contract on your own. Keep in mind that you must prove several things if you take your case to court. You must show that a valid contract existed, that someone broke it and that the breaching party caused harm through this.

Contact the breaching party

Next, reach out to the party that broke the contract. Doing this shows the other party that you keep an eye on everything happening under your watch. It also allows you the chance to work things out before heading to court. However, experts suggest you take no longer than 2 weeks to proceed with attempts at reaching a resolution.

If you cannot reach an agreement on your own, then it is time to seek legal counsel. There are many dispute resolution methods available, like arbitration and mediation. Of course, you can decide to litigate, too. In the end, the choice you go with depends on the situation you find yourself in and the options you have at hand.

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