A situation where you enter into an agreement and it becomes obvious that the other party is not going to fulfill his or her end of the bargain is referred to as New York anticipatory breach of contract.
This is a difficult scenario to find yourself in, because you may be confused about your possible options and responses. You may be worried about the legal consequences of stopping your own performance under the agreement. At the same time, you may also be worried about continuing to invest your time and resources into fulfilling obligations under an agreement that the other party is not going to uphold. What should you do?
- Contact a New York breach of contract lawyer immediately. The experienced legal professional can guide you through your legal options in these circumstances.
- Gather evidence that supports your claim of anticipatory breach under contract law in New York. This may include written correspondence, copies of the executed agreement, photographs, or financial statements.
- Consider whether you would prefer to terminate the agreement and walk away from your obligations, or continue to honor the agreement and hold the other party responsible his or her breach.
For more information about anticipatory breach of contract and other New York business litigation matters, contact an experienced New York breach of contract attorney today. Call our office at (888) 497-3410 to schedule a free, no-obligation consultation.