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3 things to consider in a contract dispute

On Behalf of | Oct 14, 2022 | Contract Disputes

Sometimes it is much easier to agree to do something than to do it consistently. Hence, contract breaches are a common occurrence in business. While taking legal action is always an option, it might not always be the best one for you.

Here are some things to think about when someone has broken their promise to you.

How would you like this to end?

Do you hate working with his person and would happily take them to the cleaners in court, leaving their business and reputation in tatters? Or are they long-term friends, and all you really want is for them to accept their error and solve the issue?

How will a lawsuit affect you and your business?

Being right and being seen to be right are sometimes important. Yet if you get a reputation as someone to be scared of, you might put others off working with you. Or you might upset customers and friends of the other party if they hear you were overly harsh in dealing with the matter.

What is your time worth?

There’s little point in expending a lot of time and money over a minor matter. Yet people sometimes get so wrapped up in things that they lose perspective of the toll on them. Nor does it make sense to make a small gain if it costs you much more in the long term, such as costing you a favorable supply deal or losing your biggest customer.

Getting legal help to examine all options is best. You may decide that filing a lawsuit is the way to go. Or you may find that with help to understand what the law would say if you did go to court, you find a simpler solution that helps you preserve a valuable relationship.