Very simply, a Contract is an Agreement between parties to perform certain obligations. It is central to a Breach of Contract lawsuit that one party alleges that one or more of the other parties failed to fulfill their obligations under the contract that results in damages to the innocent party.
What is a Breach of Contract?
In legal terms, a breach of contract occurs when one party fails to do something they agreed to do in the contract (or does something they promised not to do). The breach may involve failure to pay for goods delivered or services rendered. It may be providing inferior or substandard merchandise, or failing to deliver goods on time.
Business contracts and corporate agreements form the cornerstone for any successful organization. When these documents are not adhered to, the resultant disputes can have a cascade-like effect through multiple departments. An experienced business litigation attorney can ensure the contract dispute is handled efficiently with minimal disruption of your business.
Breach of Contract Litigation
Breach of Contract Litigation ranges from disputes regarding the sale of a few hundred dollars worth of goods to multi-million dollar business transactions. Attorney Michael J. Henry has handled contract cases involving the sale of goods, businesses, and employment contracts. Any litigation involving oil and gas leases, operating agreements, and drilling contracts necessarily involves tenants of contract law.
- Loans and promissory notes
- Personal guaranties
- Partnership agreements
- Shareholders' agreements
- Commercial leases
- Purchase and sale agreements
- Service agreements
- License agreements
- Contractor and construction agreements
- Landlord and tenant agreements
- Trust agreements
- Franchise agreements
- Non-compete agreements
- Distribution agreements
- Security agreements
- Purchase finance agreements
- Installment sales contracts
- Manufacturing and output contracts
- Real estate contracts
- Contracts for the sale of goods
- Merchant agreements
- Warranty agreements
- Factoring agreements
- Unpaid accounts receivable
If you or your company lost money because of a breach of contract, we can help you explore options for recovering your losses. If someone has sued you for a breach of contract and you have a viable excuse for non-performance, you need to protect your rights.
If you have been served with a Summons and Complaint, you must respond quickly or a default judgment might be entered against you. If you have concerns regarding business and commercial litigation, breach of contract or any other referenced practice area, contact Attorney Michael J. Henry in Fort Worth, Texas