Huge Settlement Awarded In Contract Dispute
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Contract Disputes on Tuesday, November 22, 2016.
So many things can go wrong when contractual agreements are drafted and executed. If a prevailing party does not adhere to the terms agreed upon, a contract dispute may arise. Such situations in California and elsewhere have the propensity to become contentious when a lot of money is at stake.
There are typically several options available to business representatives who choose to draw the court's attention to a particular contract dispute. Because such issues can be quite complicated, it is often best to act alongside skilled and experienced guidance. This may increase one's chances of obtaining swift and favorable results.
A recent dispute in another state has been settled. One party has agreed to pay the other approximately $5 million. The settlement pertains to a breach of contract claim that was filed after an agreement in a $50 million project was terminated. One of the companies accused the other of fraudulent behavior concerning design and engineering work at a county waste processing facility. The settlement was reached just after a trial had gotten underway.
More than one California business owner has faced similar disputes as those addressed in the recent court case. By acting quickly to retain appropriate assistance, many have been able to obtain successful outcomes in court. Seeking clarification of state and federal laws before taking any formal action is a first logical step to take when planning a strategy to resolve breach of contract problems. An experienced business and commercial law attorney can provide information and resources needed to help business owners make informed decisions.
Source: nj.com, "Middlesex utilities authority to pay $5M to settle contract dispute", Spencer Kent, Nov. 18, 2016