Contracts are formed with both symbolic and literal meaning. Symbolically, a contract represents a shared trust that two or more sides have with each other. Literally, a contract represents an agreed upon set of rules and guidelines for how the two or more sides will work together to achieve a common and mutually beneficial goal. Having the contract in written form and legally recognized is important, so that if one side doesn’t hold up their end of the bargain, there is a legal process for the victimized side to seek justice.
It is at this point in the discussion that contract disputes must come up. When one party involved in a contract fails to uphold its duties or violates the terms of the contract in some way, the other side (or sides) would be well within their rights to seek legal remedies to the situation, may that be the dissolution of the contract or financial compensation.
Contract disputes aren’t exclusively a legal problem that involves two or more companies. Sometimes, partners of the same company can get into disputes. Such partnership disputes can cause serious problems at any business and need to be rectified as soon as possible — otherwise it risks the greater well-being of the company and the partners in question.
At Robert J. Kaufman, Esq. & Alex B. Kaufman, Esq., we can help partners and companies with their legal disputes — especially when it comes to contract disputes. Whether it involves partners or different companies, we can represent you in these very critical moments in your company’s history.