Contract law is a foundational element of any successful business. Understanding the basics of contract law can protect your business from disputes and financial losses. Here are key points you need to know to safeguard your business interests effectively.

Proving a Breach of Contract

For a breach of contract claim to hold up in court, three critical elements must be established.

First, you need to provide clear evidence that a contract exists. This could be a written document, a series of communications, or even verbal agreements in certain cases, though written agreements are easier to prove. Second, you must demonstrate that the other party failed to fulfill their contractual obligations.…