A binding contract can arise in a wide range of every day issues, from using a car park to buying a house. Contracts do not always need to be in writing and terms are often implied.
Breach of Contracts
A breach of contract occurs when a party refuses or fails to honour their obligations arising from a binding contract. When that happens, there are a number of remedies available to the affected party including:
Damages – this is intended to put the claimant in the position they would have been had the contract been performed i.e. compensation for any loss suffered.
Specific performance – putting the parties in the position had they completed the contract (for example requiring one party to perform or complete the performance of his obligations under the contract)
Rescission – where the contract is set aside and the parties are restored to the position they would have been in had the contract never been made.
Rectification – where there has been a mistake in the contract this can be rectified by the Court (for example if a specific clause had been agreed between the parties but it was not added into the final contract)
We can help
At Ringrose Law our expert lawyers have the breadth of knowledge required to advise businesses and private clients in matters relating to breaches of contract. We understand the importance of resolving disputes as cost effectively as possible.
For help and advice about Breach of Contracts please contact us today. We are committed to discussing with our clients all funding options, further details of which are noted on our Civil Dispute Resolution homepage.
For further information contact our team today at our offices across Lincolnshire and Newark, in Boston, Grantham, Lincoln, Newark, Sleaford and Spalding.