A breach of contract can cause a company or contractor a large amount of money and length 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.
Meet The Federal Practice Group
Due to any number of reasons, you may have realized that you need the legal services of a contract termination lawyer in Virginia. Our contract termination lawyer at The Federal Practice Group assists individuals and businesses when they wish to terminate a contract or who have received a notice of termination. If you are located in Virginia, contact The Federal Practice Group to learn more about how our contract termination lawyer can help you.
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 incapaciated 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.
The Federal Practice Group Answers a Frequently Asked Question
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:
Give The Federal Practice Group a Call Now
Contracts should provide everyone involved with a sense of security. When there has been some kind of breach, it may be possible to demand the enforcement of the terms of the contract.
To learn more about how our contract termination lawyer in Virginia can be of service to you, contact us today to request a free consultation.
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