Contracts form the backbone of countless business relationships. Whether you’re a small business owner, a contractor, or a corporate executive, you likely rely on contracts to protect your interests and ensure that others live up to their promises. However, when one party fails to honor its end of the agreement, it can have significant impacts on a business. Read this blog and reach out to a Rockland County business dispute lawyer from 59Law.com learn about what constitutes a breach of contract, and how our legal team can help protect your business. Here are some of the questions you may have:
When Does a Breach of Contract Occur?
A breach of contract happens when one party does not fulfill its obligations under the terms of a legally binding agreement. This failure might involve not performing on time, not performing in accordance with the terms specified, or simply refusing to perform altogether. Sometimes, breaches are straightforward and easy to spot. For example, if a supplier fails to deliver goods by the agreed-upon date, the breach is clear. Other times, though, the breach might involve more subtle failures, such as delivering substandard goods or performing work that does not meet contractual specifications.
It is worth noting that not all breaches are treated equally under New York law. A material breach—one that strikes at the heart of the contract and deprives the other party of the benefit of the agreement—typically allows the injured party to terminate the contract and seek damages. On the other hand, a minor breach might give rise to compensation, but not justify canceling the entire agreement.
How Can You Prove a Breach of Contract in New York?
In order to pursue a breach of contract claim, you will need to establish several key elements. First, there must be a valid contract. This could be written, oral, or even implied by the conduct of the parties in certain circumstances. Next, it must be shown that you performed your obligations under the contract, or that you were ready and willing to do so. The third element is the breach itself, which means proving that the other party failed to meet its obligations. Finally, you must demonstrate that this breach caused you harm, typically in the form of financial loss.
Proving these elements often requires gathering and presenting evidence, which might include written contracts, emails, invoices, witness statements, and other records. Because every situation is unique, it is wise to consult with an experienced business litigation attorney who can help assess your claim and guide you through the legal process.
What Remedies Are Available if a Contract Has Been Breached?
If you have been harmed by a breach of contract, the law offers several possible remedies. Most commonly, a party may seek monetary damages designed to put them in the position they would have been in if the contract had been performed as promised. In some cases, you might be entitled to specific performance, where a court orders the breaching party to fulfill its obligations. Rescission of the contract, which essentially cancels the agreement, or restitution, which aims to return the injured party to their pre-contract position, are also potential remedies depending on the facts of the case.
If you have further questions or require the assistance of a knowledgeable civil litigation lawyer, simply contact us today.
