Breach of Contract Solicitors London
At Adam’s Law, we are here to be on your side, providing expert legal advice in the event of a contract dispute or a breach of contract between two parties. Contact our highly trained vastly experienced breach of contract solicitors London today.
What is a Breach of Contract?
When a contract between at least two parties is drawn up (or verbally agreed) there are stipulations as to what each of the involved parties are obligated to do as part of the agreement. If one or more of the involved parties fail to carry out their obligated duties then they are in breach of the agreed contract and your party could be due compensation as a result. It is always advisable to seek legal counsel to ascertain whether you are in a strong enough legal position to begin proceedings and at Adam’s Law, our expert commercial solicitors have the necessary skills to help you make this decision and then guide you through the entire process.
Contract Breach Evaluation
If you believe a party within your contract has breached the agreed upon terms or if another claimant is accusing your party of breaching the terms of your contract then it is important to use a commercial solicitor to help determine whether you have a legal basis for your compensation claims or defence. Our solicitors quickly make decisions based on the facts presented and can advise on important issues such as the types of damages available, the chances of success, and the opportunities for an alternative to a, potentially, lengthy and costly legal battle. Our goal is to quickly find a resolution that keeps all involved parties happy avoiding a, potentially unsuccessful, court battle.
Contract Breach Litigation – Damages
When we refer to damages in the context of a contract breach scenario we are referring to compensation to the injured party. The aim of these damages is to put the injured party into the same position had the contract been carried out successfully. Damages fall into a number of different categories and one, or all, of these may be applicable depending on the nature of the contract and the breach that was made. These categories include:
- Compensatory Damages
- Nominal Damages
- Account of Profits
- Liquidated Damages
Compensatory damages are awarded to compensate for an incurred loss whereas nominal damages are awarded despite there being no actual financial loss for the injured party. Account of profits are usually only available when compensatory damages are inadequate and liquidated damages are an pre-agreed level of compensation which will be within the contract itself. We know that every case is different and work closely with you to ensure we fully understand the details. Awarded damages are completely dependant on the case but will generally be calculated using either expectation loss (for example the profits the expected party would have expected to make had the contract been upheld) or reliance loss (the expenses incurred by the injured party as a result of the contract breach). It is important to instruct the right firm with the relevant expertise to ensure you are given an accurate estimate of what compensation you are realistically going to be awarded if successful.
Not everyone has the time or funds necessary to enter into a potentially lengthy and expensive court battle. Adams will gladly advise and help you through this process if it does indeed come to court proceedings, however, our primary goal is to achieve a satisfactory outcome for both parties without the need for time in court. This saves you time and money. We are experts in negotiation, reconciliation and mediation and will help you, if possible, to achieve an acceptable outcome for everyone involved.
Contact our Breach of Contract Solicitors London