How To Handle: Contract Breaches
We often receive calls concerning agreements that have been broken or not fully adhered to. Generally speaking, breaches of contract usually fall into one of two categories:
Actual Breaches or Anticipatory Breaches (Anticipatory Repudiation).
1. An Actual Breach is when one person refuses to fulfill the obligation constituted by the contract.
2. An Anticipatory Breach occurs when one party announces the intention not to fulfill the obligation in advance.
When an offender’s inaction leaves you with problems, the first step to resolution is not in a courtroom. So, what is the first step?
1. Determine the facts 2. Reach out to the offender 3. Seek legal counsel