Do you know the consequences of breaching a contract? It is important that you get to know in detail everything that is involved in this document in order to avoid possible fines or cancellations.
In Mexico, a contract is more than a signature on a piece of paper, the parties must comply with the obligations acquired in the contracts they have entered into, taking into account the terms and conditions expressly established, except for some exceptional circumstances that may exempt the parties from compliance with the specified obligations.
A contract is an action in which one or more people (parties) agree to acquire obligations with another person or persons, by granting something or providing a service. In a contract celebration, it is determined who is bound, the object, and the cause.
The breach of a contract is when one of the contracting parties does not comply with the provisions of the agreement.
There are two solutions regarding the breach of a contract:
If any of the contracting parties fail to comply with its obligations established in the contract, it gives rise to the other party to request the compulsory execution or termination of the contract, plus the payment of compensation and the payment of damages caused.
In this case, the breach of the obligations could be justified by the existence of a fortuitous event or force majeure.
If you are facing a situation in which you are affected, because what is agreed in a contract is not fulfilled or respected, at Defend Abogados we can help you. We carry out a feasibility study and the effects that may arise from the breach of a contract, offering you professional and practical legal assistance according to your needs.
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