The realities of the business world make contract disputes inevitable in North Carolina and around the country. When parties renege on their contractual commitments or do not interpret an agreement’s provisions in the same way, an experienced attorney taking a proactive approach can mean the difference between a swift and amicable resolution and a long and costly legal action.
Attorneys with experience in this area may seek to prevent contract disputes from arising in the first place by drafting agreements carefully and taking steps to ensure that all of the parties involved are fully aware of their rights and responsibilities. Legal counsel could also suggest an arbitration or mediation clause to provide parties with a way of resolving their differences that does not involve protracted court battles.
Breach of contract lawsuits may be filed by suppliers or vendors seeking payment or end users unhappy with the quality of work performed. Complex real estate transactions often get sidetracked by litigation when important disclosures are not made or title defects are discovered. In addition, transactions involving the sale of businesses can prompt subsequent claims of misrepresentation or even fraud. Individuals who find themselves embroiled in such disputes may be wise to seek legal counsel right away. Legal costs can mount quickly when lawsuits are not resolved in a timely manner.
Not every breach of contract warrants a vigorous legal response, and experienced attorneys may assess both the legal and financial merits of a case before determining the most prudent way forward. If you or somebody you know feels let down by an individual or company that has broken a contract, please visit our page dealing with corporate contract law for more information.