Formally drafted legal agreements are some of the most powerful tools available to Oregon business owners. Contracts allow a business to work with another party while minimizing risks, lowering the chance of financial loss and ensuring all parties adhere to the terms of the agreement. Contacts are useful in many business relationships, such as with employees, third parties, customers and suppliers.
When one party breaches the terms of the agreement, the other party may experience financial loss and other complications. This is much more than an inconvenience for a business, and it’s appropriate to go on the offensive to hold the other party accountable. Through discussions or even litigation, it is possible to secure damages and seek other remedies that may be available.
Quick action is critical for success in contract litigation. Oregon businesses that experience a breach of contract should move quickly to enforce the contract or take action to pursue appropriate compensation. Waiting too long to address the problem can prolong the matter and lead to additional financial loss. Any type of business has the right to enforce contracts, whether it’s a solo entrepreneur with a small business operation to a major corporation.
It is beneficial for a business to work with an experienced attorney to handle any legal issues involving contracts. Litigation may be necessary to resolve the problem, but a knowledgeable legal ally can provide insight into how to proceed and what types of remedies may be available. An assessment of the case can identify options and the steps necessary to build a strong case against the offending party.