Contract Termination Lawyer Virginia

Understanding Breach of Contract

A breach of contract can cause a company or contractor a large amount of money and lengthy delays; of which, could affect the overall performance of your business. For this reason it is advisable to have a strong contract that defines what a breach is and how it can be remedied. This should include when, and if, contract termination is an option. A good contract should also include a separate section about dispute resolution, the choice of law, and the location.

In order to enforce these kinds of clauses, the contract must be well written. In general, to protect your interests you should retain a contract lawyer to help you draft a contract. That being said, what happens when there is a breach, or when you feel you were wrongfully terminated? In this case, speaking with a contract termination lawyer in Virginia will be a good idea.

When to Use a Notice of Contract Termination

Under certain circumstances, not only is it helpful for clarification when you submit a notice of contract of termination to an individual or company, it can also protect your legal rights. Sometimes referred to as a contract termination letter or a notice of cancellation of contract, our contract termination lawyer at the Federal Practice Group in Virginia can draft a legally binding notice for your needs.

The Most Common Causes of Contract Termination

As a contract termination lawyer Virginia employees and businesses can rely on, we know of many ways in which a termination can occur; however, the following are the most common:

Contract Performance – This is the most common reason for a contract termination to occur. Once all obligations detailed in the contract have been fulfilled, the contract is terminated. In this case, as long as everyone is satisfied, no dispute should result.

Frustration – Under contract law, frustration involves a situation in which unanticipated circumstances have arose and the contract can no longer be performed. It is possible that frustration could be sufficient grounds to terminate the contract as long as neither party is the actual reason for the frustration, nor could they have anticipated the frustration. If this applies to you, and you need legal advice, please call a contract termination lawyer in Virginia.

Mutual Agreement – When both parties come to an agreeance, in that the contract cannot be performed, a mutual discharge may result. For instance, when a party has breached the contract, the other party may choose to release the party rather than enforce the contract. It is possible that the release may only be granted for a nominal fee or portion of the previous completed work.

Operation of Law – As a contract termination lawyer in Virginia might explain to you, the operation of the law could terminate a contract and release all parties from their contract obligations. Certain factors may need to apply; for example, one party becomes incapacitated or dies.

A Breach – When a breach is considered to be severe, it would warrant an immediate termination. What defines a severe breach will be dependent upon the terms of the contract; however, it usually means a refusal to perform the obligations, the breach of a vital condition, or breach of payment. A contract termination lawyer in Virginia can review the severity of the breach and help you to determine the appropriate action.

Terminating a Contract

Many contracts terminate naturally when the contract’s specified date of termination passes. In other scenarios, one or both parties will have to initiate an action such as submitting a contract termination letter with the help of a contract termination lawyer in Virginia.

Receiving a Termination of Contract Notice

If you or your company received a contract termination letter from another party with whom you were contracted for goods and/or services, you may have questions about its scope or legality. Our contract termination lawyer in Virginia from the Federal Practice Group is available to review it and provide legal advice should you decide to hire our firm to protect your rights.

When is a contract termination notice used?

Under virtually any set of circumstances, it may be beneficial to work with a contract termination lawyer in Virginia to make sure that your legal obligations are considered, and your rights are protected. Some of the most common scenarios in which individuals and companies use a notice of contract termination include:

To specify when a contract is being terminated so that the other party is clear regarding when the relationship and obligations will end. Very often such a notice will include the terms of the original agreement, including under what circumstances termination is acceptable.
If the other party did not satisfactorily and fully complete their contractual obligations, a contract termination lawyer can draft a notice that reiterates the terms of the agreement and end the relationship. If the other party breached the original contract, your contract termination lawyer in Virginia can provide guidance as to whether or not this will be sufficient to hold back some or all monies to the other party.
Even if the work or job was completed satisfactorily for all involved, a contract termination notice can be a method to acknowledge this and to encourage future opportunities.
In some cases, if you can obtain the services or goods at a better price from another party, you may wish to sever the relationship with a formal notice written by a contract termination lawyer in Virginia. Similarly, if you no longer have a use for the services or goods, it may be wise to do the same thing.