If you’re running a business, you know that you have about a million things on your plate every day. You have to dedicate yourself to making sure your company runs smoothly, and you have to dedicate yourself to making sure your company grows. And as a business litigation lawyer like our friends at Eric Siegel Law can explain, you can’t focus on what matters most if you’re tied up with contract disputes and legal red tape.
It’s not being pessimistic to plan for why you might need a business lawyer. It’s just common sense. Operating a business means making sure you have all the necessary paperwork lined up, and the right lawyer can keep you out of legal trouble while also helping your business grow. Want to become an LLC? What about an S-Corp? A business lawyer can help – and the services that a business lawyer offers go far beyond just the day-to-day.
Contracts are Everywhere
The business world revolves around contracts. They’re important agreements that outline the terms of employment between employers and employees, or the exchange of goods and services between contractors and clients. If you own a business, you’ve dealt with contracts before. And if any of those contracts are ever breached, you’ll need a business litigation lawyer.
- Material Breach.
A material breach is a severe type of breach of contract. In a material breach, a party fails to perform according to the contract. This can include contractors failing to perform the agreed-upon work, or employers failing to pay the agreed-upon amount to their contracted employees. In a material breach, the contract wasn’t honored at all, and can be grounds for a lawsuit.
- Fundamental Breach.
In a fundamental breach of contract, one party doesn’t follow through with the underlying basis of their contract. Unlike a material breach of contract, the party didn’t even make an effort to live up to their end of the bargain. For example, a “no-show” contractor is a classic example of a fundamental breach of contract. You hired someone to do a job, and they didn’t even show up on the day you needed them. It might be time for a lawyer.
- Anticipatory Breach.
If a party is contracted and they declare that they will not perform the duties outlined in the contract they’ve signed, they’re committing an anticipatory breach of contract. This means they won’t be doing the job you expected of them, or won’t provide their end of whatever deal you had made with them, despite their signing of the contract.
- Minor Breach.
A minor breach of contract is typically fixable. In a minor breach, the contractor completes their tasks as outlined in the contract, but they committed errors on the way. It may take a business litigation lawyer to get them to fix their mistakes, but sometimes the mistakes are minor enough to be easily resolved.
Get in Touch with a Business Lawyer Today
Running a business is hard enough without flaky contractors or clients trying to get out of agreements that you’ve all already signed off on. Get in touch with a business litigation lawyer to ensure you get the closure and compensation you deserve.