Terminating Contracts
Contracts are legally binding documents between two parties that state one party will give goods or services to the other party in exchange for something else. When one of the parties breaches a contract, the other party may be able to have the contract terminated.
When one party breaches several similar contracts with multiple parties, the wronged parties may be able to pool their resources and file one lawsuit to terminate all of their contracts. Contact the class action lawsuit lawyers of Feazell & Tighe, LLP, today at 877-508-0588 to learn more.
Understanding Breach of Contract
Breach of contract occurs when one party fails to act in accordance with the guidelines written in a contract. This is not an issue if both sides in the contract can work out an agreement to change the contract; problems arise when an agreement to amend the contract is not reached.
A contract is breached when:
- The two sides do not agree to change the terms of the contract
- The contract has not been legally altered
- One party fails to uphold its obligations as stipulated in the contract
Breach of contract is usually grounds for terminating a contract. When a party, such as a company, breaches its contracts with many parties, each of the wronged parties can join in a class action lawsuit against the party responsible for the breach.
Contact Us
At Feazell & Tighe, LLP, we believe that people should honor the contracts they sign. If you are part of a group whose contracts have been breached by a common party, contact our offices at 877-508-0588 today to learn more about your legal rights and options.
