Contract law in Georgia can lead to a great many financial and legal tangles. When you enter into a contract with another party, you will naturally expect all of the various conditions to be fulfilled. When you suspect that a breach may occur, it can be a cause of great unease. Here is what you need to prepare for.
You need to get ready for a breach
Not all contract issues can be resolved through the process of negotiation. There are some that are bound to end in an unfortunate impasse. If this is the case, you may well get the strong premonition that the other party is planning to breach the contract. They may not say so directly but their actions lean toward this interpretation. If so, you will need to be prepared.
The best thing that you can do if you anticipate such a breach is to move quickly to mitigate your own potential losses. This is crucial in order to avoid being negatively affected, or even bankrupted, as a result of the breach. You will also need to do this in order to have the right to seek damages in court.
A breach of contract must be thorough
There are certain types of contract problems that can’t be solved until a total breach draws the conflict out into the open. At this point, it will be up to you to do all that you can to resolve the matter in an efficient and cost effective fashion.
The intention on the part of the other signer to break the contract must register in a certain way. It must be noted by the court as a refusal to fulfill their end of the deal. Once this occurs, you can file a claim for anticipatory breach.