Breach of Contract Claim
A material failure to comply with the terms of a legally binding contract may constitute a breach of contract claim. Breach of contract claim.
The enforcement of a contract is the most important part of a legally binding contract. The parties to a contract agree to the benefits under the contract. If a party breaches the contract, the other party may seek to recover damages for their loss and compensation for the breach of contract.
Breach of contract claims can be extremely expensive and stressful and may be against an individual, supplier, employer/employee or company. Contacts are the cornerstone of business and society and it important they are right and the terms and conditions are not breached. The reliance on contracts enables business and life to run smoothly but unfortunately, breach of contracts is a common costly occurrence.
What is a Breach of Contract?
A party is entitled to perfect performance of all terms and conditions of a contract. Any failure to perform may result in a Breach of a Contract or a Breach of the Contract. Common breaches are complete non-performance, defective performance, or defective performance not to the agreed-upon required standard. The consequences of a Breach of Contract depend upon the term or condition that has been broken.
O2legal aims to remove worry and risk by ensuring you receive the expert legal advice you need. We provide the financial support you need through our litigation funding partners.
Our experienced Breach of Contract Solicitors know these types of claims can get chaotic quickly.
Remedies for Breach of Contract
Financial Compensation – compensatory damages (actual damages ) and general damages for unquantifiable losses.
Specific performance. The court can order a party to carry out its contractual obligations. This enables a Claimant to regain the position they should have been in had the breach of contract not occurred.
Rescission is another form of remedy for breach of contract cases. Once it is ordered, both parties’ contractual obligations can be rescinded.
Restitution is when one party makes a huge financial profit and gain they would not otherwise have made. If restitution is decided, then the Defendant is ordered to transfer any value of the profit or gain to the Claimant.
Breach of contract damages can also be awarded for matters that relate to a contract but are of a non-financial nature. For example, stress caused to the claimant due to the non-fulfilment of the contract can affect the business or individual.
O2legal partners provide litigation funding and insurance to enable clients to pursue Breach of Contract claims. The client always comes first, and we offer the most ethical solutions in the marketplace.
The funder will provide the capital for your claim. If the case is successful, the client will pay nothing. If the case is successful, the funder will take an agreed-upon percentage plus the return of capital.
It is risk-free and backed by a comprehensive A-rated insurance policy that protects the client from costs if the claim fails.
