Unfortunately, as most California business owners are aware, contracts are often breached in the course of engaging in transactions. When a breach occurs, it may be an immaterial one, which means it can easily be corrected, or a material one, which means it is so severe that the very terms of the contract have been violated. There are remedies available for either type of breach.
California business owners may be interested in a refresher of some contract law basics. Failing to meet certain requirements when signing contracts could lead to them being found unenforceable. For business owners and entrepreneurs, signing business contracts can be a daily occurrence. Contract disputes can arise when the other party fails to hold up their end of the bargain. In those cases, it can be helpful to go back to basics and understand what makes a contract valid under the law. In order for a contract to be binding and enforceable on the parties, certain elements must be contained therein.
Sometimes, when a person makes a deal, circumstances change, and it is not possible to follow through. Owners of California businesses may wonder what happens in that situation. A contract for the sale of goods is legally binding and enforceable in court.