A business agreement will generally conclude in one or two ways.
The parties of the contract will perform as agreed or someone will not fulfill his/her obligations.
When the latter happens, a breach of contract occurs which can result in substantial damage to the party injured by the breach.
Types of Contract Breaches
In Florida, there are basically two types of contract breaches – minor and material.
1. A minor breach may involve failure to perform a specific term of the contract and usually does not result in significant damage to either party.
2. A material breach typically occurs when someone totally fails to perform as per an agreement. This type of breach can terminate the entire contract and result in irreparable damage to all parties.
If you have been injured by a contract breach, you may be able to recover your losses. Contact our Florida contract lawyers today to discuss your legal options.
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