Breach of contract lawyer Auckland: If Someone Breaches A Contract, What Kinds Of Options Do You Have?
If you entered into a contract with someone, and they breached the contract, you have quite a few options. There are plenty of remedies for these kinds of situations. Read on to learn what you should do if you are dealing with a contract breach. Breach of contract lawyer Auckland
Talk To A Breach of Contract Lawyer
If you’re dealing with a contract breach, the first thing you should do is speak to a lawyer. It is normal for law firms to offer free initial consultations in these kinds of scenarios. You will be able to sit down and talk to a lawyer, about your situation.
If you are going to be meeting with a lawyer, you should specifically seek out a law firm that specialises in contract breach cases. (Search online for Breach of contract lawyer Auckland). If you talk to a lawyer, that has a lot of experience with these kinds of cases, they’ll be able to offer you some very relevant advice.
The Four Basic Remedies
There are four basic remedies available to people that have suffered because of a contract breach.
The first remedy is money damages. This is usually only issued in the case of a total breach. In this situation, the plaintiff is eligible to recover damages that are equal to the value that the plaintiff would have received if the contract had been fulfilled.
In some cases, monetary damages can be issued if the contract was partially fulfilled. In most cases, the plaintiff will be entitled to damages that are equal to the cost of hiring someone else to complete the contract.
Another option is restitution. This remedy is designed to return the plaintiff to the position that they were in before they entered into the contract. This usually occurs when a contract is voided by courts.
If a party entered into a contract because of a mistake or deception, their best option will be a rescission. This remedy terminates the contractual duties of both parties. A similar option is a reformation. This allows the courts to change the terms of a contract.
The last remedy available to wronged parties is specific performance. This is considered to be an equitable remedy. The remedy requires one party to fulfill the duties that are outlined in the contract.
If someone breaches a contract, you shouldn’t assume that you are out of options. There are actually quite a few steps you can take. Take a closer look at the potential remedies for a breach of contract. Decide which of these remedies makes the most sense to you.
If you’re not sure what course of action you should take, you should have an in-depth conversation with your lawyer. They’ll be able to help you figure out what your next step should be.
For assistance in these situations try contacting a breach of contract lawyer Auckland, such as McVeagh Fleming. They have a good-sized legal team with plenty pf experience in these types of cases and will be able to offer you sound advice about a breach of contract.