In our last post, we talked about a lawsuit between Relativity Media and Netflix, one that stems back to 2010 when Relativity and Netflix were partners. Now locked in a breach of contract lawsuit, Relativity and Netflix are dealing with the public fallout from this. Relativity is also trying to claw its way out of Chapter 11 bankruptcy.
We focused on the bankruptcy portion of that story last time, but today let's talk about the breach of contract. Businesses encounter this all the time. Recording a legal agreement between two parties is the bedrock of a business partnership. But these contracts mean nothing if one party doesn't enforce the terms of the contracts.
A breach of contract, bad faith covenants or a failure to comply with a non-compete agreement are all examples of contract disputes that can leave a company reeling if they aren't handled properly. Financial remedies can be awarded in contract disputes, as can the dissolution of the contract or a restructuring or reinforcement of the original contract. There are many ways that these lawsuit can go.
There's also the matter of settling out of court before a trial begins, or taking a case all the way. These are matters that any company needs to discuss with their attorneys.
At Kaufman & Forman, we can help you address the wide variety of disputes that stem from a violated contract. We have the experience necessary to address these matters in an effective and proactive way so that your company can move on to bigger and better things.