As many business owners know, when you are running a business, you are probably dealing with a lot of contracts. Some of them are probably longer, formal contracts like leases for your office. Others can be as short as a 1-page invoice from one of your vendors for products they supply you (yes, even though it's only that 1 page, it can still be considered a contract). No matter what business you are in, contracts likely dominate many of your business transactions.

When there's a dispute about your contract, there can be a variety of ways to handle it. As a business owner, I prefer to discuss the dispute first with the other party to try to work out some kind of agreement so that the situation does not escalate. If it's a long-term relationship, this may also allow you to preserve that relationship going forward. However, as a lawyer, when I get involved in disputes, it's often at a later stage where those discussions have failed and one or both parties are preparing to file a lawsuit.

At that stage, it's time to meet with the professionals and determine whether a breach of contract has occurred and what your plan should be for going forward.

If you're considering a breach of contract lawsuit, or if you've been served with one and you'd like to plan for the next steps, let's set up a Legal Strategy Session, a 15-20 minute phone call to discuss your situation and what are some next steps you can take: https://www.andrewmayers.com/reports/...

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00:00 Intro
00:25 Breach of Contract Law Generally Across the States
00:58 Four Elements of Breach of Contract
01:36 Was There a Valid Contract?
03:28 Issues With Performance Under a Contract
04:22 Damages Under a Breach of Contract
05:37 Next Steps