A contract is an exchange of legally enforceable promises. A contract can be anything from formal documents drafted by a lawyer and signed in the presence of witnesses to a private handshake agreement. You have a legal right to enforce the promises made within a contract. Our attorneys can help make sure the other side is honoring their promises. Breach of contract is the most common source of business disputes. Whenever a party to a contract fails to perform its promises, there has been a breach of contract. Understanding your rights and obligations after a breach is important. Oftentimes, after a breach of contract, parties unintentionally waive their rights, or fail to take proper steps to preserve their claims for damages. It is important to engage an experienced firm like Burford Perry, L.L.P., early in the process.