If another party breaches a contract that you both agreed upon, your legal options may depend on the specific terms of the agreement, as well as the applicable laws in your jurisdiction. Generally speaking, you may be able to pursue any or all of the following courses of action:
1) Negotiate: You may wish to negotiate with the other party in order to resolve any dispute amicably. This can be done directly or through a third-party mediator. In some cases, this is required before initiating any legal action and it can avoid lengthy court proceedings and associated costs.
2) File suit for breach of contract: If negotiations fail or are not feasible, you may file a lawsuit against the breaching party seeking damages (monetary compensation) or equitable relief (such as an injunction requiring them to take certain actions). Depending on state law and other factors such as whether one's contractual rights have been violated by fraud or misrepresentation, punitive damages might also be available in some instances.
3) Recover attorney fees/costs: You might also be entitled to recover reasonable attorney's fees and court costs related to filing suit if allowed under state law or provided for within the language of your agreement. Additionally, if liquidated damages are included in your agreement—a stipulated sum intended to compensate each side for loss caused by an actual breach—you could seek recovery from those funds instead of pursuing monetary damages.
It is important to keep in mind that these remedies vary based on state laws and individual contracts; therefore it is advisable for anyone seeking legal advice regarding a particular case should contact an experienced attorney who can provide more detailed information about their specific situation and assess any potential limitations/exceptions that would apply under applicable laws.
By