It happens all the time in business: a contract goes wrong and you’re not getting what you deserve. What do you do? What should you do? The Chicago Contract dispute lawyers at the Roth Law Group understand how small businesses operate and the financial toll litigation can have. We understand that the quickest and easiest solution to contract disputes is through settlement. In our post below, our contract dispute lawyers in Chicago will be discussing the basics of contract dispute and what it entails.
Contract dispute occurs when there has been a breach of contract. A breach occurs when failure to perform the contract happens which renders the contract broken. There are different types of breaches in contract disputes:
- Material Breach
- Fundamental Breaches
- Anticipatory Breaches
- Minor Breaches
Contract dispute also covers the following areas:
- Failure to deliver goods or services
- Failure to pay for goods or services provided
- Violations of a non-compete agreement
When a contract dispute occurs, you have two options: litigation or settlement. As we mentioned earlier, litigation is costly and time consuming. While our Chicago Contract Dispute Lawyers will take the stand for you and fight for your interests, they also know that litigation should be a last resort especially for small businesses. Litigation would primarily depend on the severity and type of breach. Settlement would be the preferred method of most contract dispute lawyers and small businesses.
If you’re in a contract dispute, it’s important to gather specific pieces of information:
- The violation date
- Contract clause
- Breach/Reason for dispute
- Expected Compensation
With the help of an experienced contract dispute lawyer and the information above, the whole process of settlement or litigation will be much smoother. Contract disputes are common in today’s courts, especially with the rise of small businesses in cities like Chicago. If you’re currently in the midst of a contract dispute, know your rights and options. Be informed and notify the other party to try and work it out. If that fails, contact our Chicago-based Contract dispute lawyers for help with your case. Settlement is our preferred resolution, but if things need to be taken to court, we won’t back down.