Legal Question in Business Law in Kentucky
Breach of Contract
I have a contract to own one third of a commercial property. The other two partners have stopped paying my portion of the income claiming that I have breached an article of the contract and therefore, they do not have to abide by the section that calls for equal distribution of income. I contest that I have breached. If I was found to have breached, does that nullify the contract completely?
Asked on 3/04/08, 1:22 pm
1 Answer from Attorneys
Gregory Napier
Troutman & Napier, PLLC
Re: Breach of Contract
There is no way to answer this question without seeing the contract and knowing what the alleged breach is. No, it is not automatic that a breach of contract allows the other side to no longer comply - it all depends on the facts of each situation.
You need to consult with an attorney.
Answered on 3/04/08, 1:56 pm
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