What does my company need to prove a claim for a breach of contract?
Breach of contract is one of the most common disputes in the business realm. A contract, at its core, is a binding agreement between parties, and when one party fails to fulfill its obligations, the other can seek legal remedies. To prove a claim for breach of contract, your company must first prove that a valid and enforceable contract existed between the parties. This can be a written agreement, an oral agreement, or even an implied contract based on the parties’ behavior. Typically, a written agreement, signed by both entities, provides the most robust and compelling evidence.
Additionally, your company should demonstrate through evidence that it either performed its obligations under the contract or had a legitimate reason for not doing so. Your company should also show that the other party failed to fulfill their obligations set forth in the contract. This could be a failure to deliver goods, provide a service, make payment, or any other obligation specified in the agreement.
Finally, your company should provide evidence that it suffered damages or losses due to the other party’s breach. This might involve showcasing financial losses, lost opportunities, or other tangible setbacks directly linked to the breach.
Given the potential intricacies of contractual terms and the varying nature of agreements, it’s highly recommended to consult the experienced business attorneys at Hone Law when pursuing a breach of contract claim. Our experienced legal team can assist in thoroughly evaluating the contract, gathering requisite evidence, and crafting a compelling legal argument in your company’s favor.