What should I do if someone breaches a business contract with me? – Perez Mayoral

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This transcription was AI generated

Transcription:

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If someone breaches a business contract with you, you should contact a contract or business litigation attorney to discuss your rights. Your rights and remedies upon a breach depend on the nature of the contract, the nature of the arrangement, and other factors with

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regard to the other party. Some breaches excuse your performance under a contract. There’s some contracts and factual scenarios that if somebody else is breaching or has made certain statements such as an anticipatory breach, sometimes a party is relieved from performing under the contract

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themselves. Other times um there’s some things written into the contract as to what occurs in case of a breach. Some contracts have mandatory arbitration clauses. Some have mandatory mediation clauses and you really need to read through that contract before you take

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any legal action going forward on it. Overall, it’s important to consult with an attorney if you think a breach is going to happen or a breach has happened to properly document the issue and take whatever options are available to you under the contract and the law.