Agreeing contracts is a familiar and everyday occurrence for business, whether it is for specific terms for a one-off deal or entering into an arrangement on standard business terms. Contracts are what govern the transactions that make your business thrive.
Contracts are an integral part of business irrespective of whether they are written or verbal. A contract arises where there are three vital elements:-
“We understand that resolving a contract dispute can be complex and it is important to understand your objectives from the outset. Often, preserving a working relationship or obtaining clarity on a future commercial arrangement are just as valuable as righting the wrongs of a contract breach. Our focus is not on reciting the law but in giving our all to achieve the best outcome for you”
Jamie Carr, Head of Commercial Dispute Resolution Team
Breach of contract
However, contracts are not always honoured. A breach of contract can be expensive, strain business relationships and put the very future of a business at risk. It is vital that businesses stay on top of their own obligations and ensure that any breaches by other parties are addressed at the earliest opportunity. At Nash, advising on contracts and the risks and implications brought about by breaches of contract obligations is what we do best.
What options are open to you?
Where disputes cannot be resolved, we will advise on the legal options open to you based on the effect the breach of contract has had on you or your business. One option will be to seek a financial award (“Damages”) from the court. However, innocent parties may also ask the court for an order that the other party take action to right the wrong. If the contract breach is sufficiently serious, the innocent party may treat the agreement as fully at an end and seek Damages for the harm caused.
The most appropriate remedy and approach will depend on the full circumstances, the attitude of the parties and your own objectives.
The team’s recent experience includes:
- Obtaining a £250,000 settlement for our client, following a contractor’s breach of service contract;
- Settling a contractual dispute on behalf of a large cargo vessel owner, to the value of £2,000,000
- Successfully defending a claim brought against a designer for breach of a substantial service contract.
- Successfully acting for a large heavy goods manufacturer in a goods contract dispute
Please contact Jamie Carr to find out more about our flexible, cost effective solutions and how we dovetail our services to the way that you work. Jamie’s email address is [email protected] or you can call him on 01752 827014