Do you know how a contract breach would impact your business? It's worth considering regardless of the size of your company. A breach is based on one party's failure to adhere to a contract, and you may not have to deal with one, but then again, you might end up in a protracted battle. It may be with a supplier who fails to deliver a product or a partner who doesn't live up to an agreement.
As a firm experienced with corporate litigation in Durham, NC, the Law Offices of Kenneth J. Steinberg, P.A., is providing insight here on corporate contract breaches. We have handled many contract negotiations and commercial litigation cases for plaintiffs and respondents, so we have a great deal of insight into this matter.
If your company is the plaintiff, a breach can affect it in several ways. You may be looking at lost revenue, or damage to your brand in the marketplace, for example. As the negatively impacted party, a corporate lawsuit can help redress the economic impacts your company is facing with a settlement. A judgment in your favor offers proof to your customers that your brand is still strong and reliable by showing you were not at fault in the case.
When you're defending this type of litigation, a lawyer experienced in contracts can show how you lived up to your part of the agreement and preserve your company's good name.