In Baton Rouge, Louisiana, parties enter into contracts for many different reasons. Parties enter into employment contracts, business contracts and real estate contracts. However, regardless of the type of contract entered into, all are legally binding agreements. A contract creates certain obligations between the parties to the agreement. If either party fails to hold up his or her end of the agreement, that party has breached the contract.
An event promoter has filed a breach of contract lawsuit against celebrity, Mario Lopez. The lawsuit was brought after the actor and television host failed to attend a 2012 event. Lopez was scheduled to host the event for an agreed to $15,000, but later failed to attend the event because of other commitments. As a result of Lopez’s failure to appear as planned, the plaintiff had to hire another celebrity to replace him. The plaintiff is seeking over $50,000 in damages for the defendant’s breach.
Breaching a contract can result in substantial financial harm to the breaching party. Here, if the court If a party to a contract breaks his or her obligations under the agreement, that party is in breach of the contract. As a result of the breach, the non-breaching party may file a lawsuit against the breaching party to either have the contract enforced or recover for financial harm sustained as a result of the breach.
finds that Mario Lopez breached its contract with the promoter by failing to attend the event as agreed to, Lopez may be required to pay a substantial amount in damages for the breach.
Source: Examiner, “Mario Lopez sued for fraud and breach of contract,” Carla Hay, April 16, 2013