What Happens if Contractual Obligations are Not Met?
Failure to meet contractual obligations can lead to several consequences, including:
1. Legal Action: The aggrieved party may take legal action to enforce the contract or seek damages. 2. Financial Penalties: There may be financial penalties or loss of payment. 3. Reputation Damage: Failing to meet obligations can damage the reputation of both the service provider and the client. 4. Termination of Contract: The contract may be terminated, leading to a loss of business and future opportunities.