Contract breach lawsuits
Contract breach lawsuits where there is a contract and the clauses are enforceable
What is a contract?
A contract is an agreement between individual(s) or organisation(s) (the “Parties”) that sets out the benefits and responsibilities of the Parties between themselves.
What are contract breach lawsuist?
Company A wants to install a completely new computer network system and approaches Company B to supply and maintain the new system. After a number of meetings, someone at Company A signs a quotation attached to an agreement to supply and maintain the new system. The quotation says that Company A shall make 4 instalments of £250,000 each to Company B as payment for the supply and maintenance of the new computer system. Company A then realises that they could have got a much better deal elsewhere and wish to cancel the contract with Company B. Company A writes to Company B refusing to pay, saying that the contract is cancelled because of, amongst other things, the cooling off provisions of the distance selling regulations.