Illinois Breach of Contract Lawyers
Attorneys for Business Contract Disputes in the Chicago Area
When you enter into a business contract, both you and the other party are legally required to abide by the terms of the contract. However, situations often arise in which one party fails to meet their contractual obligations. A party may not provide the goods or services as defined in a contract, fail to make the required payments, or violate other terms of a contract, such as a confidentiality agreement. If your business has suffered financial harm due to a breach of contract, you will want to work with a business law attorney to determine your legal options.
At The Gierach Law Firm, LLC, we have worked with many different types of businesses to address legal issues, including helping resolve contract disputes. With more than 30 years of experience, including assisting businesses with legal matters and working as a business owner, Attorney Denice Gierach understands the laws surrounding business contracts. She and the team of attorneys at The Gierach Law Firm, LLC can help you determine the best ways to resolve breach of contract issues while protecting your rights and your company’s bottom line.
Resolving Breach of Contract Cases
If one party to a contract has failed to meet their contractual obligations, the other party may take legal action to address the harm that was caused due to this non-performance. In some cases, commercial litigation may be necessary to resolve these matters, but the parties may also be able to negotiate an out-of-court settlement using methods such as mediation or arbitration. This settlement may include a monetary payment by the breaching party to the non-breaching party, a renegotiation of the contract’s terms, or other agreements between the parties.
There are a variety of potential outcomes to a breach of contract case. If the breaching party’s violation of the contract’s terms caused financial harm to the other party, the non-breaching party may seek compensatory damages. In addition to recovering money owed by one party to another, these damages may address other issues resulting from the breach, such as loss of income or harm to a business’s reputation. In some cases, a contract may specify that one party will pay liquidated damages to the other if they do not meet their contractual obligations, or a court may require a party to pay punitive damages as a punishment for wrongful acts or violations of the law.
Specific performance is another type of remedy that may be available in a breach of contract case. This refers to the breaching party being required to fulfill their contractual requirements. A court may rule that a party must complete work or deliver goods as defined in a contract, or the parties may negotiate an agreement in which some or all of the contractual obligations will be met by a certain date. Specific performance may not be an option if it is impossible for a party to fulfill the terms of the contract. In these cases, other types of damages may be sought, or the non-breaching party may seek cancellation of the contract and ask that the other party pay restitution that will address the losses caused by the breach.
Contact Our DuPage County Breach of Contract Lawyers
If your business has suffered harm because of a breach of contract, the attorneys at The Gierach Law Firm, LLC can help you understand your legal options, and we will work to ensure that you are made whole. If you have been accused of violating a contract’s terms, we can provide you with legal representation, and we can help you negotiate an agreement that will protect your financial interests, or we can advocate on your behalf in the courtroom. Contact our office today either in Naperville at 630-756-1160 or in Hoffman Estates at 847-519-0505 to arrange a consultation.