Hi, I’m Reed Bloodworth the managing partner at Bloodworth Law.
What is Breach of Contract in Florida?
Today I want to talk about Florida breach of contract. What is a breach of contract in Florida? Now different states have different laws so today I’m only focusing on Florida breach of contract.
We Travel to You
Bloodworth Law, although based in Orlando, Florida, represents clients throughout the I-4 corridor. This means we’ll come to you and take care of your case in the courts closest to you. At Bloodworth Law, we represent both plaintiffs and defendants in various lawsuits.
Florida Breach of Contract
So what’s a Florida breach of contract? A Florida breach of contract is, in litigation terms, a cause of action that an attorney will put into a complaint and file with the court. A breach of contract has several elements that must be pled and proved.
What’s a Contract?
These elements are first a valid and enforceable contract. What’s a contract? Well, there’s several elements to a contract. Those elements are:
- Offer: there must be an offer
- Acceptance: there must be an acceptance
- Consideration: there must be some consideration which is the item bargained for between the parties
What is a Breach?
The next element in a breach of contract is a breach. A breach occurs when one party did not perform the acts it was supposed to perform pursuant to a contract.
Damages From a Breach of Contract
Finally, the last element in a breach of contract claim is damages. This means that because of the breach one of the parties suffered damages.
In Florida, typical damages in a breach of contract action are monetary in nature.
Example of a Breach of Contract
So for example, Party A owns a business. Party B wishes to purchase that business.
So Party A and Party B draft a contract enter into a contract, whereby, Party A agrees to sell his business to Party B and also agrees to accept $100,000 for a purchase price.
Party B agrees to purchase the business and Party B agrees to pay Party A for the business.
After the contract’s executed Party A transfers the business to Party B after which however Party B does not fully pay the $100,000 to Party A. This is a breach of contract. Party A has now suffered monetary damages as a result of the acts of Party B.
So that’s a very quick synopsis what a breach of contract is in Florida. I hope this was helpful to you. Again, my name’s Reed Bloodworth the managing partner of Bloodworth Law. Give me a call. Let’s talk about what happened to you.