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Breach of Contract
California Partnership Disputes Involving Breach Of Contract
Last updated on July 26, 2024
Some partnership disputes involve misconduct and wrongdoing – stealing from the company accounts, for example. Other times, they can stem from a breach of contract. The Law Offices of Colin A. Hardacre, APC, can help when a breach threatens your operations.
From my offices in Calabasas, California, I offer guidance and protection while striving for the most favorable outcome possible. I am breach of contract attorney Colin Hardacre, and I pledge to use my 15 years of experience to fight for your best interests.
What Constitutes A Breach Of Contract?
It occurs when one party violates the terms of a legal agreement. In business partnerships, a breach may involve specific actions such as false representation within the agreement or issues involving unfair business practices.
To qualify for legal action, you must show that a valid contract exists and that the breach resulted in damages.
Legal Remedies For Breach Of Contract
Several remedies can apply when a breach occurs, each with unique requirements. Some options include:
- Expulsion: If the partnership agreement includes provisions for expulsion, you may remove the breaching partner. But this must be conducted in good faith to avoid legal retaliation from the expelled partner.
- Liquidated damages: Some partnership agreements include liquidated damages clauses, specifying a predetermined amount to be paid if a breach occurs. They are enforceable if deemed reasonable by the court.
You may also be able to sue the breaching partner for compensatory damages. Proving your breach of contract claim in court involves showing that the breach financially harmed your partnership. Well-crafted agreements that specify how to address failures to perform and other causes of partnership disputes can reduce the risk of litigation.
PRACTICE AREAS
Call A Business Law Professional
=If you want to prevent a breach of contract from harming your partnership, I can offer sound guidance and a review of your contracts. If you believe a lawsuit is imminent, trust in my experience to safeguard your interests throughout the process.
The sooner you call my Calabasas office at 818-661-2583 or contact me online, the faster we can start working on your case together.