Los Angeles Commercial Contract Breach Lawyer
Generally speaking, a breach of contract is a failure by one of the parties to perform according to the terms and conditions of the agreement. However, this academic description does not do justice regarding how the breach of a commercial contract can lead to devastating consequences for your California business. Lost profits, unhappy customers, disruption of operations, harm to your reputation, and many other implications put your company in a poor position.
Whether you are seeking to enforce your company’s rights or defending against claims of commercial contract breach, you can count on the Obagi Law Group, P.C. Our attorneys have extensive experience in the relevant legal concepts, along with finely tuned litigation skills in the courtroom. Please contact us to schedule a consultation today. A Los Angeles commercial contract breach lawyer can address your specific situation, but an overview may also be informative.
Summary of Commercial Contracts and Laws Regarding Breach
The basics of contract law apply in the commercial setting. Many disputes center on common law concepts governing offer, acceptance, and consideration – and breach of the relevant terms. In addition, with commercial contracts, lawmakers at the state and federal level have enacted statutes and regulations. One of the most important is the California UCC, which covers certain transactions among designated legal entities. There are provisions regarding:
- The sale of goods;
- Negotiable instruments;
- Letters of credit;
- Secured transactions; and,
- Many other arrangements and transactions that commonly occur among businesses and consumers.
Acts that violate the UCC and associated regulations typically involve failure to pay, perform, or deliver according to law. Depending on your position in the transaction, a dispute or breach of terms can have significant impacts on your business.
Legal Remedies for Breach of Commercial Contract
The most common option for California businesses is seeking damages, measured by how the company has lost funds and opportunities for its losses. Our lawyers at the Obagi Law Group, P.C. can explain the basis of your remedies, including:
- Compensatory damages, which are designed to put the non-breaching party in the same position as if the breach never occurred;
- Options under for commercial transactions under the California UCC; and,
- Liquidated damages, if the parties have included provisions in a written contract.
In addition to monetary remedies, there may be equitable relief depending on the type of commercial contract breach. The aggrieved party may request specific performance to force an entity to comply with contractual terms. It is also possible to cancel the commercial contract entirely, which could lead the non-breaching party to seek damages for restitution.
Reach Out to a Los Angeles Commercial Contract Breaches Attorney
If your company is involved in a contract dispute or a lawsuit is already pending, you need experienced legal counsel on your side. Our team at the Obagi Law Group, P.C. is well-prepared to advocate on your behalf, so please contact our office at 424-284-2401 to set up a consultation. We can assist with appropriate remedies for commercial contract breach once we review your circumstances.