Elements of a Breach of Contract Lawsuit
The average business owner or manager is aware that it is possible to sue for breach of contract. However, most business professionals only have a surface-level understanding of such lawsuits.
This level of understanding is understandable as the nuances of breach of contract lawsuits are rife with legalese, and business law in Monroe, LA is inherently complex.
Let’s take a quick look at the primary components of breach of contract lawsuits anyone without a law degree can understand.
The Basics of Breach of Contract Lawsuits
A breach of contract lawsuit happens when other parties fail to fulfill their contractual obligations. The purpose of filing such a lawsuit is to obtain legal restitution to cover the financial losses stemming from another party failing to fulfill its contractual obligations.
Though it’s easier to litigate when the contract is written and signed by both parties, there’s also a chance of success with a verbal agreement not upheld by another party. If the other party fails to uphold its contractual promise in terms of obligations or fulfilling obligations in a specific period, taking legal action can lead to a sizable settlement or a court award.
Niswanger Law in Monroe, LA is here to review your potential breach of contract lawsuit and determine if you have a solid legal footing for legal action.
Important Breach of Contract Elements of Note
A breach of contract lawsuit won’t result in a favorable payout unless an actual contract exists.
The plaintiff must have performed as per the language of the contract or have been excused due to nonperformance. Furthermore, the most critical element of a breach of contract lawsuit is that the defendant failed to fulfill the contract terms.
Suppose it can be proven the defendant’s failure to fulfill the contractual obligations resulted in harm to the defendant. In that case, there is a solid legal footing for a breach of contract lawsuit.
Niswanger Law in Monroe, LA is here to prove the opposing party’s breach of contract was a significant factor in causing harm to you as the plaintiff.
Niswanger Law Embraces the Burden of Proof Challenge
The burden of proof is on your legal practitioner. This means Niswanger Law in Monroe, LA will take on the challenge of proving the defendant’s breach of contract caused harm to you or your business. A preponderance of the evidence is necessary to establish the elements of breach of contract cases as detailed above.
Niswanger Law’s business law attorneys in Monroe, LA will do everything within the confines of the law to prove the assertions made in the lawsuit are more likely to be true than false. As long as it can be proven that there is over a 50% chance that the defendant’s breach of contract exists and that the breach caused harm, you’ll likely receive financial compensation.
Schedule a Consultation With Niswanger Law in Monroe, LA
Niswanger Law in Monroe, LA is here to review your potential breach of contract lawsuit. If you know or suspect you have been wronged by another party that failed to uphold its contractual obligation, reach out to our law office today.