As a business owner in Texas, you rely on contracts for just about everything. They keep your company running smoothly — at least most of the time. Unfortunately, you’ve recently found yourself dealing with a breach of contract situation, and now you are wondering how you should go about settling the matter.
You have three options when dealing with a breach of contract if you are the non-breaching party. You can seek damages for your losses through an alternative dispute resolution method — such as mediation or arbitration — or you can take the matter to court. The amount you are seeking in damages will determine whether your case goes to civil or small claims court. If you decide that either of these options will cost more than you can get in return, you may want to cut your losses, cancel the contract and walk away.
If you are the breaching party and the other party wishes to pursue the matter, you have two options. You can settle or fight. You have to decide which will best serve your interests in both the short and long term.
The good news is, when dealing with a breach of contract situation, you do not have to resolve the matter on your own. You have the right to have legal counsel on your side as you figure everything out. To learn more about how an experienced business law attorney may be able to help you with your breach of contract situation, please take a moment and visit our firm’s website.