Q: The other party to my New York contract underwent an ownership change without my permission; does this constitute a breach of contract?
When one party to an agreement changes ownership without the consent of the other party, it may constitute a breach of contract in New York. The answer to this question will rely heavily on the terms of the agreement. A judge will consider whether the contract addresses this type of scenario clearly and unambiguously. If it was addressed clearly, the judge will then consider whether the actions taken constituted a breach of contract. If a party to your agreement changed ownership, and you believe they may be in breach of the contract, consider taking the following actions:
- Contact an experienced New York breach of contract attorney as soon as possible. Breach of contract claims in New York are subject to statutes of limitations. If you fail to act quickly enough, you may be barred from bringing a claim.
- Obtain a copy of the agreement and all amendments or modifications.
- Gather copies of all correspondence pertaining to the agreement and the change of ownership.
- Document any information relating to the change of ownership.
After consulting with an attorney, he or she will help you to assess whether a valid, enforceable agreement exists that contains clear provisions relating to changes of ownership. Your attorney will also consider whether you fulfilled your obligations under the contract and whether you suffered harm as a result of the other party’s alleged breach.
For more information about breach of contract claims and protecting your legal rights, contact a New York business litigation attorney today. Call our office at (888) 497-3410 for a consultation.