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Contract

Philadelphia Breach Of Contract Lawyers

Contract

Philadelphia Breach Of Contract Lawyers

Breach of Contract

The average person makes contracts nearly every week. Unless you work with contracts regularly, you may not be familiar with all the types of contracts that you enter into in your daily life. Most of American contract laws come from England. The law refers to these laws as “common law.” How a party enters into a contract has changed dramatically since then. The basic principles remain the same – if there is an offer, acceptance and consideration the contract is valid, and breaking the contract comes with consequences. At Freundlich & Littman, LLC, we can help you navigate contract breach law to determine your rights as a contract holder or signee.

BoC Explained

To breach of contract means to violate the terms of an agreement. Contracts can be either oral or written. In the states of Pennsylvania and New Jersey, both oral and written contracts are acceptable and legally enforceable. Breaches of contracts can occur in either type of contracts.

To illustrate this concept better, take employment contracts. Employment contracts often come with a non-compete clause or even a separate contract altogether. These contracts typically state that you will not work for a competitor while an employee with the business that you work for. If you work for a company that manufactures and develops software for filing taxes, taking on freelance work with another company would breach the contract.

Types of Typical Contracts

There are some contracts that an individual typically comes across. A party can breach these contracts for a number of reasons:

  • Employment: Employment contracts are a common contract. Most people sign these contracts when they first start or relatively soon afterward. These contracts could be non-compete agreements during or after employment.
  • Terms of Use/Service: Trust us – you sign these all the time. Every website that you sign up for and every update on your cell phone will require you to click the “Agree to Terms” button. Those terms that no one ever reads are a contract. Clicking that you agree is essentially signing your name on the proverbial dotted line.
  • Loans: Whether you signed up for student loans for graduate school or a home mortgage, loans are contracts. In exchange for money, you agree to payments with interest over the next 20 to 30 years.
  • Business: You may own your own business or work for a business that uses outside vendors for supplies or services. If you do, you probably enter into contracts on behalf of your company. What happens if something goes wrong and the goods or services are not what was promised?

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