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Do not ignore contractual disputes in business

Many Moorestown businessmen and businesswomen understand the importance of preparing sound contracts. A contract is a device that binds the parties to an agreement to the terms of their relationship. A contract may be created for employment, for goods and services or for many other factors that are necessary for successfully operating a business. In essence, a contract tells the parties what they may and may not do with regard to their operating relationship.

When contracts work as they are intended, they protect the parties' rights and codify those parties' understanding of their agreements. When contracts fail, however, they open the door for a myriad of problems. A contractual dispute may arise when the one party fails to uphold that person's side of the agreement or when a party breaks the contractual terms established in the document.

Our law firm understands that addressing contractual disputes in a proactive manner can help businesses stay ahead of potentially damaging contract litigation. Many contracts provide terms that require parties to attempt to resolve their issues before initiating litigation or arbitration; if one party actively attempts to avoid the other at the outset of a contractual dispute then the avoiding party may face challenges when the matter is ultimately heard by a judge or arbitrator.

The material breach of a contract may give one party the right to terminate the contract. Before matters regress to such a drastic end, individuals embroiled in contractual disputes can address their problems head-on. The Donnelly Ritigstein Law Offices provides client-specific assistance on working through a breach of contract claim or other contract matter. To learn more about the firm's business law practice, please visit its website on contractual disputes.

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