BREACH OF CONTRACT CLAIMS
What is a Breach of Contract?
A breach of contact claim arises when a person or business does not fulfill a contractual promise, or is unable or unwilling to perform an agreed obligation. For a breach of contract to be actionable, the breach must be material or substantial.
What damages are available for a Breach of Contract?
When there is a material breach of a contract, you may file a lawsuit to either compel performance, or to collect money damages for any resulting losses. A lawsuit for specific performance involves asking the court to make the other side do what they specifically agreed to do. Specific performance is an alternative to awarding compensatory damages and is often seen in contract disputes involving real property.
Other remedies for breach of contract damages include:
- Compensatory damages — money to reimburse costs and compensate for losses.
- Liquidated damages – an amount of money damages specified in the contract.
- Punitive damages — money awarded as punishment for bad conduct.
- Attorney’s fees – money for legal costs if expressly provided for in the contract.
- Rescission — a request to void or cancel the contract and return the parties to the status quo (as if the breach never happened).
Unfortunately, business relationships do not always turn out as expected. Inherent in any contract is the risk that the other side does not perform as agreed. Whether your contract dispute involves an employment agreement, a service agreement, a purchase agreement, or some other contractual relationship, our lawyers may be able to help.
Mississippi Breach of Contract Lawyers
If you are considering legal action for a breach of contract, or if you find yourself threatened with a breach of contract claim, you should carefully review the contract and related facts with an experienced contract attorney. Understanding all your rights, options and legal remedies is critical to making the best decision on the front end.
The lawyers at Danks, Miller & Cory have the experience to handle the most contentious and complicated breach of contract disputes. To discuss how our law firm can help, contact us by email or call us at 601-957-3101.