Breach of Contract Claim Results in $2M Settlement

Earlier this month, an Ohio judge ruled against the state School Facilities Commission, and another architect, in a breach of contract claim that was brought by a contractor after a construction project for dormitories located at the Ohio State School for the Deaf and the Ohio State School for the Blind.

The settlement, which was valued at $2 million, was awarded after the court determined that the state agency delayed the valuable construction project – an estimated $44 million – due to budgeting problems and other politics.

Additionally, the company that won the settlement – TransAmerica Building Co. – claimed that the agency requested work that extended beyond the scope of the original contract.

Originally, the company sought $3.8 million in damages from the state agency, after it was denied payment due to the contract dispute. In addition to ruling in favor of the contractor, the court also ruled against a countersuit brought by the state.

Breach of Contract Claims

When someone signs a contract, they are agreeing to do (or not do) something. When one of the parties fails to honor the agreement, or voluntarily does something they are not supposed to according to the scope of the agreement, it is known as breach of contract. In the business world, this is a fairly common dispute.

It’s important to note, however, that contracts do not need to be in writing, or of a formal nature, in order to be enforceable by law. For example, there are a number of factors that can be utilized to prove the validity or existence of a contract or other agreement, including written correspondence or the exchange of funds, such as writing a check or a credit card transaction.

Oral contracts can also be considered valid under law, though these scenarios typically involve parties that have shared a long-standing relationship, like those seen with vendors or service providers.

In a situation where breach of contract occurs, it is usually the party upholding the contractual agreement that is able to recover damages or other compensation, depending on what the court or mediation deems appropriate. That also means that the breaching party will likely be held responsible for covering any compensation, damages or related court costs.

Have you or someone you know experienced a breach of contract or related contract dispute? If so, it is important to understand that there are legal options available to you, depending on your situation. Only a qualified attorney who specializes in business law can help you assess your case and recommend a course of action towards mediation or (if necessary) litigation.

Breach of Contract Attorneys in Norman, Oklahoma

If you reside in Norman, Oklahoma or the surrounding communities, the skilled business attorneys at Rick Dane Moore & Associates Law Firm, P.L.L.C. can help. Our firm specializes exclusively in a wide array of business law matters, including breach of contract and other contract disputes. Whether you are dealing with a formal contract or a long-standing business relationship, our attorneys have the skills, experience and legal knowledge necessary to see your claim through to a favorable and successful end.

We invite you to schedule a preliminary consultation with a member of our legal team, to help evaluate your case as quickly as possible. To get started, contact the business law specialists at Rick Dane Moore & Associates Law Firm, P.L.L.C. today at (405) 703-6552.