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

This transcription was AI generated

Transcription:

00:00:04 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 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

00:00:40 from performing under the contract themselves. Other times um there’s some things written to 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 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

00:01:12 whatever options are available to you under the contract and the law.