You signed a contract.  Everything is going well.  Then one day your customer stops paying you for the goods you're providing. The services you've been paying for aren't of the quality that you were promised.  The company you purchased is performing below expectations.  You need to know your options.  I'm here to cut through the legalese and help you understand your rights. 

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Breach of Contract: You may have a breach of contract claim. Most contracts are for goods and services.  For example, you order products from a vendor but the vendor doesn't deliver them or delivers the wrong product.  You purchased a company but it turns out the accounts receivable weren't what the seller represented to you.  In practice, the contract may be more complex but the principles remain the same.  By the time everything has gone wrong, you're out the money you paid. You'll likely spend more to fix or replace the goods or services, and if you're a business, could be out lost profits and other damages. 

 

Fraud: You may also be a victim of fraud.  Fraud occurs when someone lies to you to trick you into entering a contract.  They may know something important that you don't know.  If you knew about it, you wouldn't enter the contract.  They may withhold information that they're required to disclose.  The vendor promised to deliver the goods to you by a certain date but knew that it couldn't keep that promise.  The seller lied about its accounts receivable but didn't disclose all of the records it was required to during due diligence.  Like with breaches of contract, you're going to have a variety of damages.  In severe cases, you may even be entitled to punitive damages. 

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Business Disputes: Business disputes also arise among business partners.  Your partner is using your company to channel business to another company he owns.  The partner responsible for finances is taking on loans and pocketing the proceeds. Another partner is taking monetary distributions that he isn't entitled to.  These actions may be breaches of partnership agreements and can even be as serious as breaches of fiduciary duties.  Whether the company is a partnership, an LLC, or a corporation greatly affects your rights, as do the documents you signed when forming or joining the business.  Damages may be available to you and your company.  

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If these situations sound familiar to you, reach out to me.  Different forms of relief may be available, including rescinding a contract, requiring someone to perform under a contract (specific performance), or seeking damages for the breach or other related claims like fraud and breach of fiduciary duty.  I tailor solutions to your specific needs.  Contact me today to discuss your options.

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Important Disclosure: Not Certified by the Texas Board of Legal Specialization.