Sigman Janssen Legal Blog

Appleton Business Law Attorneys Discuss Contracts

November 14, 2013

November 14, 2013

There are many uses for business contracts and agreements in today’s world. The Appleton Business Law Attorneys with the law firm Sigman, Janssen, Stack, Sewall & Pitz explain that one of the most common uses is to binding parties purchasing goods or services from another individual or entity. However, disputes can arise when one party in the agreement no longer wants to uphold their end.

Recently, a business dispute has arisen between the State of Wisconsin and Spanish train manufacturer Talgo Inc. According to an article from Progressive Railroading, former Gov. Jim Doyle entered into a multimillion-dollar agreement with the company for several trains to be used for a high-speed passenger train line from Milwaukee to Chicago.

The state paid the company roughly $40 million and the project was launched. But when the trains were completed, the current governor refused to accept the trains or responsibility of payment to the company.

Talgo Inc. is now suing Wisconsin for approximately $70 million for breach of contract.

The Appleton Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz are aware of how complex business agreements and contracts can be. That is why the law firm suggests speaking with an attorney before signing any official business document.