When you form a business or enter into a business agreement with another person or entity, it is advisable to establish a contract in writing. Even in situations in which this type of legality seems unnecessary, many people find that having a contract frees each party to do their best work because both sides know exactly what is expected of them. Having a written contract can also be crucial if someone fails to perform in a way that was previously agreed upon. Taking legal action can be an important way to protect your interests if your contract has been breached.
If you have suffered losses or your financial standing has been compromised by the actions of a person or business that you have a contract with, you need the help of an experienced business litigation lawyer. Please contact the Iowa business litigation lawyers at LaMarca Law Group, P.C., by calling (515) 705-0233 for a free consultation.
Understanding Breach of Contract
Contracts are an essential part of the business. However, contracts do not have to be written documents. A contract can also be established by verbal communication or some other expression of intent. If you do have a contract with another party, certain actions or inactions can violate the terms or expectations of that contract.
The following actions may constitute a breach of contract:
- Failing to perform as outlined in the contract
- Impeding another person’s action as outlined in a contract
- Expressing an intention to violate the terms of a contract
Upholding the validity of a contract is crucial to the success of many business activities. Please contact the Iowa business litigation lawyers at LaMarca Law Group, P.C., by calling (515) 705-0233 for more information on your legal options in the case of a breach of contract.