If a party to your contract is in breach of the agreement, you have several options. For example, in an ongoing court battle between New York towns, one community is suing the other for breach of contract and is seeking monetary damages. The two towns had entered into a contract to purchase water together. One of the towns stopped making payments under the agreement when it became concerned about possible contamination. The other town promptly filed suit.
If you find yourself in a similar situation, contact an experienced New York breach of contract lawyer for guidance. Your attorney can guide you through the various options available to you. You might be able to:
- Seek compensatory damages that will place you in as good a position as you would have been if the contract had been performed.
- Seek punitive damages if the breach involved fraudulent behavior. Punitive damages amount to more than just what it would take to make you whole under the contract.
- Seek nominal damages if your losses are minimal.
- Seek liquidated damages if your agreement stipulates what you are entitled to receive in the event of a breach.
- Seek specific performance to require the other party to carry out its obligations under the agreement.
An experienced New York business litigation attorney can help determine what remedy is most appropriate in your situation. To learn more about breach of contract in New York, call our office today at (888) 497-3410. We are pleased to offer a free consultation.