Breach of contract, fraud, and employment issues are only a few of the types of commercial litigation cases that commonly affect commercial entities. This includes individuals as well as major corporations.
Breach Of Contract
There are different types of contracts, namely written contracts, verbal contracts, and oral contracts. Each is a type of promise to perform certain duties, such as providing resources or services, or both. Business contracts that are legally recognized in Florida can include oral contracts, so long as the oral agreement was accepted by all parties involved.
When one or more aspects of a written or oral contract is not upheld by one or more of the parties legally associated with the contract, breach of contract is said to occur.
Legal ramifications for a breach of contract can include monetary fines, business license revocation, or requirement for restitution to each of the negatively affected parties involved.
Legally binding employment contracts between employers and employees or subcontractors can include a variety of provisions including:
401k or Other Retirement Plan
Paid Sick Days
Generally speaking, they also include, but are not limited to, details of expected services, agreed-upon compensation, compensation disbursement, and grievance procedures.
Employment contracts may be breached by the employer or by the employee or subcontractor. Legal action may be taken in either case, though each type of case requires proof of actual loss due to the actions of the breaching party. For example, if an employer breaches an employment contract by cutting an employee’s contracted length of time short, the employee may make a case for provably lost wages. On the other hand, if an employee or subcontractor breaches their employment contract, the employer may seek compensation for any costs involved in finding a suitable replacement.
In certain instances legal mediation is a useful, cost-effective tool.