When two parties enter into a contract, they are legally bound to uphold the obligations or promises expressed in that contract. If either party fails to perform or adhere to the promises set forth, this is known as a breach of contract. A Breach of Contract attorney is usually the best option when it comes to understanding and interpreting the contractual obligations, and to provide counsel and advice in trying to settle any dispute. Ted Bendelow of Bendelow Law Office, LLC has been providing general counsel, to include Breach of Contract law for over 40 years.
There are different types of breaches of contracts that can occur. They include:
Minor Breach: A minor breach, also known as a partial breach, occurs when a party of the contract partially fulfills the contract but fails to meet a minor condition of that contract.
Example: A contractor completes the work stated in a contract, but is a week late doing so.
Material/Fundamental Breach: A material breach occurs when a party fails or refuses to perform what is outlined in an agreement. Such breach can result in the non-breaching party suing for damages and termination of the contract.
Example: A contractor agrees to build a 3,000 square foot addition to your business, but upon completion, there is only 2,000 square feet.
Anticipatory Breach: An anticipatory breach occurs when it becomes apparent that one party will not fulfill the terms outlined in the contract. When the aggrieved party believes that there has been an anticipatory breach, that party can sue for damages, demand terms be filled, or suspend the agreement.
Example: A service company agrees to perform work in a restaurant. The restaurant agrees to pay half of the repair expense up front to secure the job. The service company does not begin the work on the agreed date and continues to delay the repairs.
If handled correctly, many breaches of contract can be solved outside of the courtroom, saving time and money for the client. A skilled and knowledgeable Breach of Contract attorney can provide sound advice and offer mediation to facilitate constructive negotiations between the parties. Ted Bendelow of Bendelow Law Office, LLC understands the complexities of contract law and has provided his expertise to clients in Boulder, Longmont, Denver and throughout Northern Colorado. Give the experienced team at Bendelow Law Office a call today.