What Is a Material Breach of Contract?
A contract is an exchange of promises. Each party promises to do (or not do) something. A legally valid and binding contract requires a consideration. In legal terms, this means that each party is giving something to the other that is not illusory. Once the parties agree to the terms and sign the contract, each […]
How to Calculate Damages for Breach of Contract
If another party breached your contract, you have a legal right to damages when you can prove your case. There are many measures of damages in a contract case, and you must be precise when you go to court seeking damages. Before you can go to court or negotiate a solution, you must know how […]
Partnership Litigation: Can You Sue Your Business Partner?
Partnership Litigation: Can You Sue Your Business Partner? When business partnerships dissolve, the idea of partnership litigation can be intimidating. You may wonder what the quickest and cleanest way is to resolve your company’s issue. Certain situations are more likely to lead to partnership litigation. Learn what to do when your business is facing litigation. […]
What Is a Breach of Contract?
What Is a Breach of Contract? Contracts are legally binding agreements that hold all parties to their promises. A breach of contract occurs when the terms of that agreement are not followed. Before you can bring a breach of contract claim, a valid contract must exist. The general elements of a valid contract are the following: […]
Open-and-Shut Case
Open-and-Shut Case As seen in Fortune & Forbes. King & Jones is featured in Chicago Leaders In Law To his adversaries in court, commercial litigator Peter M. King is known as “fearsome.” To judges and juries, he is a captivating, persuasive personality who wins cases by making the complex understandable. “The courtroom is the place where your business dilemmas come face to face with the people who […]
How to Know When to Hire a Breach of Contract Lawyer
How to Know When to Hire a Breach of Contract Lawyer Is your client or business partner not holding up their end of an agreement? Is there a misunderstanding of what each person’s duties or responsibilities are? Do you need additional help in settling the problem or getting your part of the agreement? Do you […]
Can a Letter of Indemnity Protect You in a Breach of Contract Claim?
Can a Letter of Indemnity Protect You in a Breach of Contract Claim? Any person or entity entering any kind of business agreement is choosing to be interdependent. By getting work done together, work is expedited and optimized. Though agreements in theory are designed to make life easier, there are hiccups and speed bumps that […]
Common Reasons Why a Business May be Accused of Breach of Contract
Common Reasons Why a Business May be Accused of Breach of Contract It is common in every aspect of an agreement for there to be misconceptions about an agreement. The greater majority of time resolving these issues and frustrations comes before an agreement is verbalized and recorded in the planning stage of a contract. Mitigating […]
Accused of Breach of Contract During the Pandemic? Here’s What to do Next
Accused of Breach of Contract During the Pandemic? Here’s What to do Next The pandemic has wrought everyone with issues that have amounted to new stresses financially, physically, and mentally. As businesses are composed of the people that make them up, it is to no surprise that many operations have found new struggles and adversities […]
The Impact of COVID-19 on Contractual Obligations
The Impact of COVID-19 on Contractual Obligations COVID-19 has wrought devastating effects on the world as a whole. In the United States, businesses have taken large blows from a diminishing workforce, shutdowns, and an overall large unpredictability. With workers staying safe, the workforce shrinks a bit, with shutdowns, many companies cannot even operate at normal […]
