Rockville Business Contract Attorney

Dedicated Rockville Business Contract Lawyer

A business Contract attorney Rockville MD residents depend on from the Law Office of Daniel J. Wright is well aware of just how important contracts are to a business. Contracts get things accomplished, establishes agreements, and helps all parties understand their role in the common goals. The success or failure of a business contract will depend on how strong the contract is, and whether the terms have been outlined in a detailed and clear way. With guidance from our team, we can help protect the best interests of your business.

We proudly represent community members within the Rockville, Maryland area and beyond. We are experienced in handling contracts and assisting with other business related tasks or problems. Whether you are a new business person or have been in the field for many years, we can offer the counsel you need at this time. 

Types of Contracts We Can Handle

Our team has a wealth of knowledge in business legalities, and can handle various types of contracts, whether it be for small, mid-size, or large businesses. We are dedicated to being efficient, attentive to details, and provide personalized services so that every client reaches the most favorable outcome possible. Here we have briefly listed the types of contracts a business attorney Rockville MD clients trust can assist you with:

• International Contracts: each country has laws and regulations that differ from another, especially when it comes to contracts. We can help with negotiations and review contracts to ensure they are fair and viable. 
• Real Estate Contracts: when entering or creating a real estate contract for your business, we can protect your interests and inform you of potential risks or issues related to sale, rental, lease, or purchasing of property. 
• Vendor Contracts: when working with vendors for services or goods, it is important that you consult with a lawyer before signing. 
• New Business Contracts: when starting your business, we can help draft agreements between partners, shareholders, and other parties. 
• Employment Contracts: if you are a business employer who has employees, then you may need advice when creating employee contracts and policies. 

About Breaches of Contracts

Breach of contract is one of the most common business-related disputes. If a party in the contract believes that another has broken the terms within the contract, they can pursue enforcement through legal action. If this is the case for you, we cannot emphasize enough how imperative it is that you get legal help. Contract disputes can become tense and hostile very quickly, and immediate counsel must be sought. 

What is a breach of contract?

It’s important that you first understand the concept of “breach of contract” in its entirety. Legally, it is when one party who entered into an agreement fails to fulfill its contractual obligations. It can be considered “material” or “immaterial” for the purpose of deciding what is the appropriate legal remedy for the breach. In the case that the breach was material, the consequences would be more severe, as the party who failed to deliver on its obligations would carry the liability for any damages to the other party.

What happens when a contract is breached?

With either an actual or alleged breach of contract, it tends to follow that one or both parties will either seek to enforce the contract, or to recover from whatever financial harm ensued from the breach. That is when a dispute can arise. If both parties’ attempts at resolving the dispute are unsuccessful, a lawsuit can often be the next step.

That said, a lawsuit is not the only option at this stage. Both parties can also choose to have a mediator look over their dispute, or to pursue binding arbitration of a contract dispute. These courses of action are considered “alternative dispute resolution,” and are selected fairly often.

What are the remedies to a breach of contract?

The main remedies to which the party who did not breach the contract may be entitled include:

• Damages,
• Specific performance, and
• Cancellation and restitution.

Damages are the most commonly sought remedy, and simply means that the breaching party makes payment in some form to the other party. If the recovery of damages is not an adequate remedy, then specific performance (which is a court-ordered performance of duty under the contract) might be the chosen option. With cancellation and restitution, the non-breaching party would ultimately cancel the contract and sue the other party for restitution–thereby placing the non-breaching party in the position it was originally in before the breach occurred. Cancellation would also void the contract, and remove all obligations from all parties. A business lawyer in Rockville MD from the Law Office of Daniel J. Wright can provide you with more information about this process as it applies to your unique situation.

Elements of Contract Breach

By definition, a breach of contract happens when a party did not fulfill their requirements as stated in the document. There are elements of a contract breach that must apply before action can be taken, including the existence of a contract, performance, breach of terms, and resulting damages. During a breach of contract action, the plaintiff has to show that a contract was created and signed or whether the agreement was verbal. The contract terms must have been accepted by all parties, and then to be considered a breach, a lacking or failure of contract expectations must have occurred. If you are not sure if your situation constitutes a breach of contract, do not hesitate to reach out to a Rockville breach of contract lawyer for a consultation.

Examples of Term Violations

Breach of contract cases entail any situation where one or more parties who were legally bound to the terms of a contract have failed to meet their responsibilities. It is often warranted for the other parties involved to seek legal action for the damages they experienced due to the breach or as an attempt to enforce the original agreement. Ways that a breach of contract may occur include failing to complete a job, failing to deliver goods or services, failing to pay in a timely manner, offering goods or services that are subpar quality. A breach of contract is one of the most common reasons that lawsuits are filed across the nation. By having a lawyer help write the contract or at least review it before signing, it reduces the chances of a miscommunication or other factor that causes a breach.

Contact The Law Office of Daniel J. Wright Today

If you need assistance when drafting, reviewing, or enforcing a contract for business, then we suggest getting a consultation as soon as possible. You can call the Law Office of Daniel J. Wright today to hear more about how a Business Contract attorney in Rockville, Maryland can help.