Methods of Resolving Breach of Contract
How to Settle a Contract Dispute
- Accounting, Taxation, and Reporting
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Marketing, Advertising, Sales & PR
- Business Management & Operations
- Economics, Finance, & Analytics
- Professionalism & Career Development
- Courses
What methods exist for resolving a breach of a contract?
There are several remedies or solutions available for a breach of contract:
- Negotiated Settlement - The parties may work out a satisfactory solution to most breaches of contract is resolved by the parties themselves through voluntary negotiated settlements.
- Arbitration - The parties may agree to submit their dispute to a neutral third party or parties to resolve the dispute.
- Litigation - The parties seek to enforce their contract rights in a court of law.
All of these methods are discussed in greater detail in other chapters of this text.
Next Article: Damages in Breach of Contract Action Back to: CONTRACT LAW
Discussion: What are the benefits of pursuing each of the available methods of resolving a breach of contract?