In business law, a breach of contract occurs when one or both parties fails to perform its duties that are outlined within the contract. Contract law aims to provide damages to the party that was harmed, and restore them to where they were before the breach occurred, or to a position as if the contract had been executed.
In cases that a breach of contract causes minimal harm, a business lawyer can help their client recover damages, such as: contract rescission, specific performance, or contract modification. Awards for cases that involve extensive damage to the plaintiff may include monetary remedies, such as: compensatory damages, restitution, liquidated damages, nominal damages, quantum meruit, remedies in equity, and punitive damages.
If you believe you have breached a contract or are being accused of doing so, an experienced business attorney can help you protect yourself and the future of your business.