Most interactions in the business world are, at their core, the product of contracts. Something as simple as agreeing to provide a product at an agreed-upon price constitutes a contract. More complex interactions may limit companies to a sales territory, require the production of units at a specific rate, or allow a business to inspect and test products before acceptance.

Disputes over parties’ contractual obligations can arise anytime during the business relationship, and litigation may result from various situations.

These disputes may include:

Breach of contract cases where a party alleges that another did not provide payment or services.

One recent example of this alleged breach is Tesla vs. Rivian (2020) where Tesla sued electric vehicle startup Rivian, alleging that Rivian breached their agreement by poaching Tesla employees and failing to pay agreed-upon compensation related to talent acquisition restrictions.

Allegations of breaches of fiduciary duty or fraud.

An historic example of this is the well-known Bernie Madoff Ponzi Scheme (2008). Madoff Investment Securities operated a massive Ponzi scheme for decades, with Madoff breaching his fiduciary duty to clients by using new investor funds to pay returns to existing investors rather than making legitimate investments. Investors lost approximately $65 billion.

Violations of the state’s Deceptive Trade Practices Act

A few examples of these violations include:

• Home improvement scams – Contractors taking payment without completing work
• Auto dealer fraud – Misrepresenting vehicle condition or financing terms
• Telemarketing fraud – False promises about products or services
• Real estate fraud – Misrepresenting property conditions or market values
• Investment scams – Making false claims about returns or risks
• Healthcare fraud – Billing for services not provided or misrepresenting treatments

The attorneys at Giles Law help individuals and companies that believe a breach of a business contract has caused them financial losses. Our lawyers in Phoenix can analyze the language of a contract and pursue claims in court that demand appropriate compensation.