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Contract law: what are some remedies if a contract is breached?

Business owners in California enter into contracts every day. In fact, contracts are often the backbone of many businesses, who rely on suppliers, employees and purchasers to keep their doors open. It would be nice if all parties to a contract would fulfill all their duties, but unfortunately this doesn't always happen. When a party fails to uphold their duties in a contract, it is referred to under contract law as a "breach of contract." There are several legal remedies that may be sought if a contract is breached.

Royalties at issue in Michael Jackson contract dispute

Many people in California are fans of the late musician Michael Jackson, who during his lifetime earned the moniker "king of pop." However, even after his death, ongoing disputes remain regarding the interpretation of contracts Jackson entered into during his lifetime.

Nondisclosure agreements can be essential to Irvine businesses

Successful businesses in California often rely on information that they keep under wraps in order to protect their interests. However, what happens if an employee or other party tries to share or even steal information meant to be confidential? This could spell financial ruin to a company. For this reason, many businesses have contracts known as nondisclosure agreements.

More 'gray' entrepreneurs entering the marketplace

As more baby boomers turn 65 every day, the definition of the term "entrepreneur" continues to change. Indeed, those who are starting businesses still evoke images of young twenty-somethings who have casual Friday every day of the week, but the more people who are victims of corporate downsizing or need to maintain their financial integrity, more senior citizens are working for themselves.

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