Article by Brandon Krajewski and Patrick Taylor for SupplyChainBrain Discusses Remedies for Breach of Contract
Brandon Krajewski and Patrick Taylor, Quarles & Brady partners in the firm’s Milwaukee office, authored an article for SupplyChainBrain about the various options available to address a breach of contract.
Krajewski, a member of the Litigation & Dispute Resolution Practice Group, and Taylor, part of the Business Law Practice Group, outlined the scenarios the non-breaching party should consider when deciding whether to pursue options such as injunctive relief, specific performance, monetary damages or sellers’ damages.
An excerpt:
Given the unusual levels of uncertainty in the global economy, breaches of contracts are becoming an ever more common part of life in many supply chains. When dealing with these situations, the non-breaching party has a number of potential remedies available to it for a breach of contract claim.
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As tariffs, inflation, and general economic uncertainty lead to an increasing number of contract breaches, supply chain leaders and employees need to develop an understanding of their rights and remedies, and restrictions on those remedies such as statutes of limitations, in order to guide their companies through these situations.