Sheehan & Associates, P.L.C.

Posts tagged "breach of contract"

Breach of contract disputes

When two individuals or companies in Michigan enter into a contract, each party is legally obligated to fulfill the promises that were laid out in the agreement. A party who does not perform could be found to have breached the contract. This can occur when a party does not fulfill its end of the deal at all or fails to perform on time or in accordance with the terms of the contract.

Handling breach of contract in Michigan

After a sales contract is signed and money or other consideration changes hands, that contract becomes a binding legal document. Failure to live up to the terms of the contract could constitute a breach. A material breach of a contract occurs when the main promise of the contract is not delivered. When a material breach occurs, it may be possible for the buyer to take the seller to court to seek relief.

Statutes of limitations affect dispute claims

Like all states, Michigan has strict rules regarding when a lawsuit for a breach of contract claim must be filed. If this time frame passes without a formal complaint being filed, the petitioning party may forever be barred from bringing the claim.

Detroit construction company sues former Chrysler partner

Detroit-based Walbridge Construction is seeking $118.5 million in compensation for work on a halted construction project in Indiana. The company was contracted by Getrag Transmission, a German manufacturing company, to build an 800,000-square-foot factory, but when Getrag and its former partner Chrysler went bankrupt, the project went south.

Lawsuit against ePrize investors dismissed over statute of repose

Former executives at the Internet marketing company ePrize LLC, based in Pleasant Ridge, say they weren't paid due compensation when a majority stake in the company was sold to a private equity group, Catterton Partners Corp., in 2012. The value of the sale was estimated at $100 million, and an appeal is expected after a judge in Oakland County recently dismissed a lawsuit brought by the former executives.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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