are among the most common business disputes
. Individuals, professionals and businesses often enter contractual relations with the best intentions, but no matter what the intentions, these business agreements
can end up going south and often result in litigation. When contracts between businesses and/or individuals go south, it is usually due to one or both parties’ breaking or breaching the contract.
A party can breach a contract in a number of ways. Generally, a breach of contract occurs when one party fails to perform on time, does not perform in accordance with the terms of the business agreement, or does not perform at all. For example, failure to deliver goods or perform services, failure to pay for goods or services, failure to pay a promissory note or debt and failure to comply with employment agreements and/or restrictive covenants are among some of the other common reasons that give rise to breach of contract claims. Oftentimes breach of contract claims arise due to a disagreement in interpretation of the terms of the contract. Other times the contractual claims can be due to unilateral or mutual mistakes.