A breach of contract occurs when one party fails to fulfill their obligations under a legally binding agreement. This can manifest in various ways, such as non-performance, delayed performance, or substandard performance. If you believe you’ve been made a victim of a breach of contract, please don’t hesitate to speak with the seasoned lawyers at Iowa Defenders, PLLC today. We stand ready to effectively represent you and your interests, every step of the way.
Types of Breach of Contract Cases We Handle
Here at Iowa Defenders, PLLC, our Dallas County lawyers handle a wide range of breach of contract cases, including the following:
- Material Breach: A material breach is a significant failure that undermines the very foundation of the contract. This type of breach often allows the non-breaching party to terminate the agreement and seek damages. For example, if a contractor fails to complete a construction project on time, causing substantial financial loss, it constitutes a material breach.
- Minor Breach: Also known as a partial breach, a minor breach occurs when the breaching party deviates slightly from the terms of the contract but still fulfills its primary purpose. While this does not usually entitle the non-breaching party to terminate the contract, they can still seek compensation for any losses incurred. An example might be a supplier delivering goods that meet specifications but arrive later than agreed.
- Anticipatory Breach: An anticipatory breach happens when one party indicates, either verbally or through actions, that they will not perform their contractual obligations in the future. This allows the non-breaching party to take legal action before the breach actually occurs. For instance, if a business partner declares they will not be able to fulfill their part of a joint venture, you may have grounds to sue immediately.
- Fundamental Breach: A fundamental breach is a severe violation that permits the non-breaching party to terminate the contract and claim damages. This type of breach goes to the core of the agreement, similar to a material breach but often with more severe consequences. An example could be a software developer failing to deliver a crucial program feature, rendering the software useless.
Potential Legal Remedies
When faced with a breach of contract, several legal remedies are available to ensure you are compensated for your losses:
- Compensatory Damages: Financial compensation to cover direct losses and costs incurred due to the breach.
- Consequential Damages: Compensation for indirect damages that were foreseeable at the time the contract was made.
- Specific Performance: A court order requiring the breaching party to fulfill their contractual obligations.
- Rescission: Termination of the contract, releasing both parties from their obligations and restoring them to their pre-contractual state.
- Liquidated Damages: Pre-determined damages specified in the contract that the breaching party must pay.
Contact Our Iowa Breach of Contract Lawyers Today
The bottom line is that if you’re facing a breach of contract case, you need a team of skilled lawyers in your corner who can fight for the best outcome possible on your behalf. Fortunately, if you’re reading this, you’ve come to the right place. Contact Iowa Defenders, PLLC today so we can get started working on your case.
