There may be a variety of scenarios in which a business arrangement could come to an end prior to the completion of a project. A similar situation could have financial ramifications for all parties involved and may leave one or more parties in Florida gearing up to protect their monetary interests. A software company in another state has recently filed a breach of contract claim against another party after it was accused of abandoning work on a project.
According to reports, software company Vitech Systems Group was initially hired by the Wisconsin Department of Employee Trust Funds to update its system for tracking retirement benefits. ETF hired Vitech for the project in 2014, but says it chose to end the arrangement in April 2018 after claiming the other party had halted operations. ETF asserts that it paid the software company just over $14 million over this four-year period and states that the project was still barely functional.
However, Vitech states that it never abandoned work on the project and says that the other party failed to provide it with proper notice of the termination. The company also asserts that ETF requested additional services that were not part of the original agreement. Vitech claims the other party owes as much as $14.3 million for services rendered, and it is pursuing restitution through a breach of contract claim.
Business arrangements that come to a sudden end run the risk of having a substantial impact on the finances of all parties involved. Those who feel that a breach of contract has occurred could benefit from retaining the services of an attorney for guidance in better understanding their legal rights and available options. An attorney can examine the circumstances a client in Florida is facing and assist in developing a strategy to protect his or her business interests through the proper channels.