Cite this article as: Jason Mance Gordon, "Methods of Resolving Breach of Contract," in The Business Professor, updated July 13, 2016, last accessed April 8, 2020, https://thebusinessprofessor.com/knowledge-base/methods-of-resolving-breach-of-contract/.
Next Article: Damages in Breach of Contract Action
Back to: CONTRACT LAW
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.
- Discussion: What are the benefits of pursuing each of the available methods of resolving a breach of contract?