What happens if I breach a contract?

If you breach a contract in California, it can have serious consequences. Generally, a breach of contract occurs when one party fails to perform their part of the agreement, or they don’t perform it within the timeframe outlined in the contract. This can mean not paying rent on time, not following through on a promise, or breaching any other point of the contract. If you breach a contract in residential real estate in California, the other party may choose to sue you. This could mean having to pay damages or other costs associated with the breach, such as lawyer’s fees. The court may also order you to fulfill your obligations as outlined in the contract. If the breach is not resolved, the other party can file for a breach of contract lawsuit. There are various remedies available to the other party if the breach is substantial. Depending on the severity of the breach, the court may choose to award either monetary damages or specific performance. Monetary damages provide the other party with financial compensation for any losses or damages incurred. Specific performance requires the breaching party to fulfill their obligations as outlined in the contract. In either case, it’s important to understand the terms of your contract so that you avoid or resolve a breach as quickly as possible. If you’re unsure of your obligations, it’s best to seek legal advice to help navigate the situation.

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What happens if I breach a contract?

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