Breach of Contract
Typically, when you open a brokerage account and/or begin a relationship with a broker or brokerage firm, you will be asked to sign various applications, account agreements, and other new account documents. Under the law, each of these documents can potentially be a contract that governs your relationship with your broker and defines his various duties and obligations. If your broker violates any of the terms of any of these contracts, his actions could give rise to a claim for breach of contract.
To prevail on a legal claim for breach of contract, you generally must prove the following three elements:
- You entered into a valid contract with your broker;
- Your broker breached the contract; and
- Your broker’s breach of the contract caused your damages.
If you think you might be the victim of broker wrongdoing that constitutes a breach of contract, contact Jacobson Law P.A. to discuss the specific facts of your case.