Breach Of Contract Solicitor In London
Breach of Contract Solicitors in London
To speak with a solicitor today call 020 7792 5649 or email [email protected]
A contract is an agreement between two or more parties. Contracts work best when they are written such as when buying/selling a house, buying a stake in a business, employment, etc. but verbal contracts can be enforceable too. A contract details all the responsibilities and obligations of the parties involved.
What makes a contract?
Contracts need to have three basic elements.
- There needs to be an agreement between the parties, at least one party needs to offer something and the other parties need to accept the offer.
- Each of the parties must bring something of value. This could be a sum of money, a service, shares in a company, time, knowledge or skill. This part of the contract is known legally as the consideration.
- Each of the parties must willingly enter into the legally binding agreement but none of the parties have to state that that they intend to be bound. A parties intention to enter into and be bound by an agreement can often be implied.
What happens if a party breaches a contract?
If one of the parties breaches the terms of a contract Selachii LLP can help. Selachii LLP have a very experienced and tenacious team based in Notting Hill, we take the time to get to know our clients and we treat all of our clients as individuals. Selachii LLP have many years experience in contract law and dispute resolution.
A breach can occur when one of the parties to the contract fails to deliver on their obligations or delivers defective work, the consequences of this breach may be so serious as to warrant complete termination of the contract itself. When a contract has been breached the innocent parties may choose to seek remedy. The penalty for breaching the contract and remedy that can be sought for such a breach can sometimes be written into the contract itself (known legally as liquidated damages).
Renegotiate
In some situations the parties may find it beneficial to renegotiate the contract, the innocent parties may want to use the breach as a tool for renegotiating the terms of the contract and making the contract more advantageous to them.
Court
If an agreement cannot be reached between the parties court maybe necessary, the court may choose to:
- Award damages – a sum of money to compensate the innocent party or parties for their loss.
- Order the party breaching the contract to stop doing so.
- Order the party that has breached the contract to fulfil their obligations.
- Rectify the contract, the court can choose to rectify a written agreement that does not reflect the true bargain between the parties.
- Declare the contract void, if the court declares the contract void they may also order the party in breach to do what it takes to put the innocent party or parties in the same position they before entered into the contract or even if the contract had been satisfactorily honoured.
There does not need to be any actual loss for damages to be claimed by the innocent parties.
Breach of contract claims need to be made within 6 years.
Selachii LLP has first-class experience in resolving a range of disputes including:
- Breach of Contract
- Property Disputes
- Boundary Disputes
- Inheritance Disputes
- Family / Business Disputes
- Complex Commercial Disputes
To speak with a solicitor please call 020 7792 5649.