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847-944-9400Contracts form the backbone of every business. They are legally binding agreements for each party to undertake specific actions. Both parties possess the right to demand compliance when a contract is enforceable. However, if one party believes the other is failing to fulfill their obligations, they may pursue a lawsuit for breach of contract. The commercial litigation breach of contract attorneys at Gardi, Haught, Fischer, and Bhosale, with their extensive experience and expertise, are frequently called upon to counsel and represent businesses facing breach of contract litigation. We handle breach of contract claims in state and federal courts, tailoring our approach to align with our client’s overarching business objectives while understanding the intricacies of contract litigation.
Suppose you want to enforce a contract or have been served as a defendant in a breach-of-contract lawsuit. In that case, the expertise of commercial litigation breach-of-contract attorneys at Gardi, Haught, Fischer, and Bhosale can protect your interests and strive for the best possible outcome. Contact us today at 847-944-9400 to set up a consultation with one of our dedicated commercial litigation breach-of-contract attorneys.
What Is Commercial Litigation?
Commercial litigation encompasses the legal processes related to business disputes. Among the most prevalent issues encountered in this area is breach of contract, which accounts for many commercial litigation claims filed throughout the U.S.
Successfully navigating breach-of-contract claims can prove complex and challenging for any business owner. Therefore, it is crucial that businesses handle breach-of-contract matters strategically to safeguard their rights and interests.
Understanding Breach of Contract Claims in Commercial Litigation
A contract breach occurs when one party neglects to fulfill the obligations outlined in an agreement. Common reasons for breach of contract litigation include:
– Failing to deliver agreed-upon goods or services
– Not completing a job as promised
– Late payment
– Supplying goods or services that do not meet quality expectations
Damages in a Breach of Contract Case
Businesses can sue to enforce the contract when disputes arise regarding contract terms. If a party has not met its obligations, it may be liable for various legal damages.
In commercial litigation, damages can encompass:
– Compensatory damages: Financial reimbursement for losses incurred due to the breach.
– Nominal damages: Awarded if a breach is affirmed but no substantial compensation is justified.
– Punitive damages: Imposed if one party willfully disregards the contract terms.
– Liquidated damages: Predefined amounts stipulated in the contract.
– Specific performance: In rare situations, the court may mandate one party to fulfill their contractual duties.
Essential Steps for Successfully Navigating Commercial Litigation
Commercial litigation can be both costly and time-intensive. It is advisable to try to resolve contractual disputes through negotiation before escalation. However, when litigation becomes necessary, consider the following steps in addressing breach of contract claims:
How Can a Gardi, Haught, Fischer, and Bhosale Attorney Help?
Our attorneys stand ready to provide guidance and legal support at each phase of your case. We will:
– Review contract terms to recognize occurrences of breach.
– Facilitate communication with involved parties to seek resolutions.
– Identify and quantify potential damages.
– Represent your business in settlement negotiations and alternative dispute resolution (ADR) forums.
– Offer strategic counsel to navigate the complexities of court proceedings.
Contact Us Today
Gardi, Haught, Fischer, and Bhosale’s business litigation attorneys are proficiently representing clients in high-stakes breach-of-contract claims in Schaumburg and beyond.
We emphasize proactive and practical legal strategies to mitigate the likelihood of litigation. We deliver cost-effective solutions tailored to our clients’ needs, ensuring you feel financially secure when litigation is unavoidable.
To leverage our expertise for your business, call 847-944-9400 or contact the commercial litigation breach of contract attorneys at Gardi, Haught, Fischer, and Bhosale today. Request a Case Evaluation below.