Q: What are my options when I discover a party is in breach of a New York contract?
When faced with the realization that the other party to your New York contract has breached the agreement, you have several options to consider. An example of this is seen in the recent report presented by the New York City Comptroller’s office with regard to its contract with the Marriott Marquis hotel. The office alleges that the hotel has breached the agreement by failing to pay rent and failing to maintain its financial records for the past six years.
As a result of the breach, the city could proceed with various strategies. For example, the city may consider the following actions:
- Engage an experienced New York breach of contract lawyer.
- Use the breach to renegotiate the terms of the contract to be more favorable toward the city and in line with current real estate market conditions.
- Require the hotel to remedy the breach by paying the amounts owed and producing the financial records.
- File a breach of contract action against the hotel.
If you are in a situation where the other party to your contract has breached the agreement, an experienced New York breach of contract attorney will assist you in choosing the right course of action for your unique situation. Since any action taken could impact your case, if you ultimately decide to file suit, it is crucial that you seek the guidance of a knowledgeable legal professional before proceeding.
For more information, contact a New York business litigation attorney today. Call our office at (888) 497-3410 for a consultation.