Breach of business contract is an everyday reality in numerous industries. Coca-Cola Florida recently sued its former president on the grounds of breach of contract.
This happens all the time in the construction industry. Construction company owners require contractors with numerous suppliers. In the event a supplier fails to get a particular item to you on time, the project can fall behind. A client will become angry, and your job and well-being are on the line. For any breach of contract, you can look into suing the other person to try to acquire compensation for the inconvenience.
How to know someone breached a contract
There are two ways someone can breach a contract: immaterial and material. Immaterial breach of contract occurs when someone breaks the contract in a relatively innocuous manner. For instance, a supplier may not deliver items on time, but it was due to the fact a hurricane prevented delivery. A material breach of contract occurs when something far more substantial occurs. Gross negligence in holding up your end of the bargain would be material.
Attempting arbitration and mediation
Most of the time, litigation is the last option you want to pursue. At first, you can attempt arbitration or mediation. In each of these cases, both parties will meet with an objective third party. They will attempt to resolve the issue without going to court. Occasionally, the party that breached the contract will offer financial compensation to resolve the matter. If the parties cannot reach a consensus, then they will need to go to court.
If you wish to go to court, you will have to attend a formal hearing. There, you will present your case, which most often consists of showing the contract and actions the other party failed to complete. It will then be up to the discretion of the judge to decide what should happen.