Hi, I’m Reed Bloodworth the Founder and CEO of Bloodworth Law, PLLC.
What is a Breach of Contract in Florida?
Today I want to talk about a breach of contract in Florida because different states have different laws, I’m only focusing on a Florida breach of contract.
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Bloodworth Law, although based in Orlando, Florida, represents clients throughout the I-4 corridor. At Bloodworth Law, we represent both plaintiffs and defendants in various litigation actions.
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. I’m Reed Bloodworth the Founder and CEO of Bloodworth Law. Let’s talk about what happened to you.Consider sharing this post