Can you recover damages from a breach of contract and which costs are you able to pass on to the breaching party?  Breach of contract cases are all about the damages.  Damages is simply the legal term for the financial value of the impact that the breach of contract made upon your business.  This can include missed opportunity and profits associated with another transaction that was based upon your vendor’s parts or services.  It can include the cost of finding another party to fulfill the original “benefit of the bargain” anticipated in the contract that was breached.

It is important to note that you are responsible for doing everything prudent, reasonable and prompt to minimize the impact of the breach of contract upon your own business.  This is known as mitigating the damages.

What are the genuine losses your company will bear as a result of the failure of the other party to fulfill the terms of the contract?  What would you need to do to find another party to fulfill the original agreement?  What steps do you need to take with your own customers, suppliers and/or employees to reduce the impact and resulting cost of the breach on your company?

If the party who is the victim of a breach of contract does not take prompt and prudent action to mitigate their losses, the breaching party has the legal opportunity to reduce or eliminate all financial liability associated with the contract breach.  We work with our clients to mitigate their losses while maximizing the opportunity for them to recover damages from a breach of contract.

If you are involved in a breach of contract we invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.

We will help you to understand your legal position, document all damages, and implement a strategy that has the greatest opportunity to resolve the breach of contract dispute and recover the losses you have borne.