Methods of Resolving Breach of Contract - Explained
How to Settle a Contract Dispute
Written by Jason Gordon
Updated at September 24th, 2021
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Table of Contents
What methods exist for resolving a breach of a contract?Discussion QuestionAcademic ResearchWhat methods exist for resolving a breach of a contract?
There are several remedies or solutions available for a breach of contract:
- Negotiated Settlement - The parties may work out a satisfactory solution to most breaches of contract is resolved by the parties themselves through voluntary negotiated settlements.
- Arbitration - The parties may agree to submit their dispute to a neutral third party or parties to resolve the dispute.
- Litigation - The parties seek to enforce their contract rights in a court of law.
All of these methods are discussed in greater detail in other chapters of this text.
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Related Topics
- When is a party's Duty of performance?
- What is an Executed contract vs an Executory contract?
- What is Performance, Substantial Performance, and Breach of a contract?
- What is performance of a Divisible Contract?
- When is a party's duty of performance discharged?
- What are conditions to Contract (Precedent & Subsequent)?
- What is tender performance of a contract?
- What are Impossibility and Impracticability
- What is a Frustration of Purpose?
- Waiver or Release from Contract
- Novation
- What is a Breach of Contract?
- Acceleration Clause (Contracts) Definition
- What remedies exist for a breach of contract?
- What is Efficient Breach?
Discussion Question
What are the benefits of pursuing each of the available methods of resolving a breach of contract?