Contract disputes are unfortunately an inevitability in the course of doing business over the long run. There are intentional breaches, inadvertent breaches, breaches caused by a third party, and in some cases, contracts that have become impracticable or even impossible for one or both parties to perform.
No California business wants to face the tremendous hassle that comes with a lawsuit. If your company is being sued for any reason, whether it is a part of a contract dispute, a partnership dispute or an employment law issue, dealing with a lawsuit can be incredibly frustrating. The first thing you need to do is to consult with an experienced San Jose business law attorney. Your attorney will be able to determine what needs to be done to protect your company's legal rights and business interests. From there, you need to be sure to handle your case with due care. To help, our team has put together a list of four of our best tips for companies facing litigation.
In California, it is unlawful for a third party to intentionally interfere with a commercial contract that has been agreed upon by two other parties. Indeed, this type of misconduct is known as tortious interference. Victims of tortious interference can bring a legal claim to hold the third party liable for any damages that they have sustained because of the contract breach. Here, our experienced San Jose business contract dispute lawyers discuss what you need to know about California tortious interference claims.
According to a report from the Los Angeles Times, Southern California Edison, the single largest subsidiary company of the Edison Corporation, has been awarded $125 million by a three-person arbitration panel. Originally, the company and its business partners were seeking more than $7 billion in damages from Mitsubishi Heavy Industries. While the arbitration panel agreed that additional financial damage occurred, a liability cap in the underlying contract limited the recovery.