Video: What is a breach of contract and what damages can I recover in the event of a breach of contract?
A breach of contract is when one or more parties to an agreement fails to fulfill the terms and obligations required in the agreement. If your contract is in writing, the terms and conditions are going to be set forth in the agreement, and hopefully the parties have pre-determined a damage calculation in the contract. If your contract is oral, it's going to be more difficult for a court to determine what your damages are, because the court is first going to have to determine the terms and conditions of the agreement by outside testimony and by the actions of the parties. Damages are a nature of contract, and if your contract sets forth the damages, that's going to help you recover in the event of a breach. Either way, contact an attorney with experience in contract law, so that they can protect your rights and preserve your damages.