Parties prepare and sign contracts to establish their respective roles, rights, and responsibilities in a transaction or other business arrangements. However, even with contracts in place, disagreements can arise, and these may lead to significant disputes or even litigation.
Having an experienced business law attorney on your side can help you better understand the issues at play in your dispute, as well as the options you may have to resolve it. Contact Talley, Turner, Stice & Bertman for an initial case review to discuss your case with a business litigation lawyer from our law firm serving Oklahoma City. We’ll review your legal options for achieving an outcome that best serves your interests.
Parties to contractual arrangements may dispute their agreement for various reasons.
The circumstances leading to a contract dispute can determine the parties’ rights and the potential remedies arising from the dispute.
When you have a contract dispute, you might pursue a resolution through various avenues. In most cases, parties may attempt to resolve a dispute without resorting to court. Parties may initially conduct informal negotiations to reach a settlement, which may salvage the parties’ relationship or resolve the conflict so they can go their separate ways without incurring the time and expense of litigation.
Many contracts include alternative dispute resolution provisions requiring the parties to submit disputes to mediation or arbitration. Parties may also agree to mediate or arbitrate a contract dispute after it arises. In mediation, parties work with a neutral mediator to negotiate a settlement of their dispute. In arbitration, parties attend a trial-like proceeding to present evidence, witness testimony, and arguments to an arbitrator or arbitration panel, which can issue a binding decision that leaves limited appellate rights.
However, when other efforts fail to resolve a contract dispute, parties may file lawsuits to ask a court to decide the dispute.
In a breach of contract dispute, a claimant may seek various remedies against the other party for the alleged breach of an agreement.
When parties negotiate a settlement of a contract dispute, they may negotiate other solutions that help preserve their contractual relationship while providing relief to the party raising the dispute.
In Oklahoma, the statute of limitations imposes a deadline for filing a lawsuit in court to resolve a contract dispute. Under the statute of limitations, you typically have five years after a breach of contract to file a lawsuit. However, parties can agree to a contractual provision that shortens the limitations period for filing a breach-of-contract claim to as little as one year. As a result, you may have limited time to file a legal claim when you have a contract dispute, making it essential to speak with an attorney as soon as a dispute arises with the other party in your agreement.
When you get into a disagreement with another party over a contractual agreement, seeking legal counsel can provide the counsel you need to navigate the issues and challenges that may arise in your case.
A legal dispute or litigation over a contractual relationship can have significant adverse consequences for your legal or financial interests, making counsel from a contracts lawyer essential to protecting your rights. Turn to a civil litigation attorney serving Oklahoma City from the law firm of Talley, Turner, Stice & Bertman to guide you to a favorable resolution of a contract dispute because:
When a counterparty in your contract breaches their obligations, or that party accuses you of violating the agreement, you need experienced legal counsel to pursue a fair and favorable resolution to that contract dispute. Contact Talley, Turner, Stice & Bertman today for a confidential consultation with a contracts lawyer serving Oklahoma City. Let’s discuss what our law firm can do to protect your rights and interests in a legal dispute over your agreement.
