Westchester County Business Attorneys Protect Your Interests
Without contracts, businesses would not be able to operate, thrive, or grow. When money or other valuables are at risk, parties to a business agreement need to have the terms of their deal in writing.
What elements make a contract legally enforceable?
A contract is a legally binding agreement between one or more parties stating the obligations of all parties, including the price and deadlines. A valid contract must have the following elements to be legally enforceable:
- Basics: The date and parties to the agreement.
- Assent: The parties' intent to perform their obligations in good faith.
- Offer: The offer of services or other obligations to be performed
- Acceptance of offer: Clear acceptance of the stated offer
- Consideration: Money or other valuables the parties agree to give up or pay in exchange
- Competence: Requirement that the parties are of legal age, sound mind, and not impaired by alcohol or narcotics
- Legal: The contract may not require an illegal act
- Written document: Many contracts must be in writing, including the sale of real estate, promises to pay the debt of another, or contracts exceeding one year
What constitutes a breach of contract?
When one or more of the parties fails to perform or deliver as agreed, this results in breach of contract. If negotiations fail to resolve the dispute, the injured party may sue for breach of contract. Their claim or lawsuit must be filed before the statute of limitations expires, which in New York is four years from the date of the cause of action. Courts may order compensation such as liquidated damages or punitive damages.
Westchester County business law attorneys and firms, such as the Law Office of Joseph M. Buderwitz, work hard to protect clients from breach of contract in many ways, including the following:
- Paying attention to detail when drafting contractual agreements
- Reviewing contracts to make sure the terms reflect the expectations of their clients
- Providing counsel regarding contractual or corporate fiduciary responsibilities
- Prosecuting a breach of contract against their clients
- Defending clients accused of breach of contract in court if necessary
- Negotiating contractual disputes
- Litigation to seek remedies in court
Westchester County business attorney Joseph M. Buderwitz has nearly 28 years of legal experience serving the contractual needs of a diverse client base including commercial, real estate, and construction companies.
Let us help you today
If you are looking for dedicated business attorneys in Westchester County, the Law Office of Joseph M. Buderwitz can assist with corporate formation, contracts, and dispute resolution, among other critical legal tasks and transactions.
Our highly acclaimed business law attorney in Westchester County represents clients throughout Westchester, Rockland, Putnam, Bronx, and New York counties. To consult a knowledgeable, responsible business law attorney in Westchester County, please call our office at 914-595-5078 or fill out our online form to schedule an initial consultation.
