When two parties enter a business agreement, there is the expectation that both parties will adhere to the terms and fulfill all requirements. When one party violates the terms of an agreement, it could be grounds for the other party to pursue an appropriate remedy through legal recourse. Contracts are an important tool for Oregon businesses, and it is helpful to know what to do when there is a breach of contract or dispute.
The possibility of a breach of contract is one of the most important reasons why a company should pay careful attention to the terms used in the agreement. Contract review and careful drafting are critical steps before signing any type of agreement. When there is a breach or dispute, it could come down to the specific terms used in the agreement and whether a judge determines they are enforceable.
When there is a breach of contract, the wronged party can pursue a beneficial resolution, often starting by seeking the help of an experienced business law attorney. It is crucial to move quickly to prevent additional financial loss and complications. While it may be necessary to fight for compensation in court, litigation is not always necessary. It may be possible to reach a satisfactory conclusion in negotiations as well.
Dealing with violations of business contracts can be complex. Oregon companies can work with an experienced attorney to help them navigate these matters and reach a beneficial conclusion. Acting quickly to resolve these types of disputes is in the best interests of a business.