Contracts are some of the most valuable tools available to Florida business owners. These agreements outline the rights and responsibilities of two or more parties that will work together, and they typically reduce the chance of disputes. However, business contracts are only effective when all parties adhere to the agreed-upon terms. Breach of contract can lead to financial complications, but the non-breaching party may be able to seek damages for financial losses.
Seeking appropriate compensation
The specific damages available after a breach of contract depend on the details of the individual situation. This includes the terms of the original contract, expected economic benefits from the original contract, obligations of both parties, financial losses suffered by the non-breaching party and more. There are different types of damages available, including compensatory damages.
There are different ways to measure the amount of compensatory damages that may be available. One of the intents of compensatory damages is to place the claimant in a position comparable to the one they were in before the breach of contract. Other calculations may be able to determine past and future losses for which the claimant can also seek damages.
Navigating the claims process
The claims process can be difficult and complex for a Florida business. When seeking damages after a breach of contract, it may be helpful to work with an experienced attorney at every step of the civil justice process. This knowledgeable guidance can provide insight regarding how to fight for appropriate and reasonable damages after any type of business dispute.