Breach of Contract – When a Buyer Doesn’t Pay

Posted August 07, 2026 in Media

Transcript:

00:00:03

[music] >> It’s becoming more and more common these days to not be fully paid out in a transaction that is supposed to be paid out over a matter of years. Um, you know, the legal process is is similar. It does depend on the contract a lot, but it’s similar for most breach of contract cases. You know, you take a look at the contract and figure out is there a dispute resolution provision in there and what have we agreed to when we signed that contract a few years ago? Let’s follow that process because that’s

00:00:33

what we signed our names on. That might mean a robust pre-litigation procedure. So, there’s some back and forth that’s going to happen and to determine if the parties are going to approach it with an eye towards settlement or if there’s enough of a reason to continue kind of fighting. At that point often you do see parties go into an early mediation to try to resolve their differences with a third-party neutral in a room. Often an attorney is a mediator or a retired attorney and that can be a very good

00:01:00

feedback for attorneys on both sides of the of the claims. Because a good mediator is going to kind of give us and our client the most objective viewpoint that they can even think of on the case putting themselves in the position of potentially a judge or an arbitrator who’s sitting in the middle and hearing both sides. It can really do a lot of work for us to help us get the thing resolved in an advantageous way without spending another, you know, six figures into into a court litigation. You know,

00:01:27

and then ultimately some agreements get into arbitration which is really a kind of like a private court. There may be some type of agreement to do that in a different state or in a different forum or we go straight to court after that if we can’t resolve it.

This transcription was AI-generated.