Contract Compensation For Breach In Palm Beach
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State:
Multi-State
County:
Palm Beach
Control #:
US-00417BG
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Word;
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Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which the income is actually earned. A Deferred Compensation Agreement is a contractual agreement in which an employee (or independent contractor) agrees to be paid in a future year for services rendered. Deferred compensation payments generally commence upon termination of employment (e.g., retirement) or death or disability before retirement. These agreements are often geared toward anticipated retirement in order to provide cash payments to the retiree and to defer taxation to a year when the recipient is in a lower bracket. Although the employer's contractual obligation to pay the deferred compensation is typically unsecured, the obligation still constitutes a contractual promise.
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You have the right to take legal action to seek a remedyusually financial compensationto account for a contract breach in Florida. Damages: The breaching party may be required to pay damages to the non-breaching party.All you need to do is fill out the online form or call us at to schedule a Consultation. At Martindale Law, we help clients in the Broward County area and South Florida resolve the disputes that arise out of contracts and agreements. A stand alone breach of contract claim can only be filed in a federal district court, if the federal court has diversity jurisdiction over the parties. In Florida, a buyer who breaches a sales contract may be liable to the seller for monetary damages. Whether you are a defendant or plaintiff in a breach of contract claim, contact our Florida breach of contract attorney for a consultation.