What can you do for a breach of a contract?

Answer 1

There are several:

1. Recission, where the contract is cancelled, both parties excused, and any advance payments are returned,

2. Reformation, where the contract is altered to reflect what was actually intended,

3. Specific performance, where the court orders that the exact terms of the contract are executed,

4. Compensatory damages, to cover losses incurred as a result of non-performance,

5, Consequential and incidental damages, to cover "forseeable losses" as a result of the breach

6. Punative damages, to punish a person for willfull breach

7. Liquidated damages, those specified in the contract if the terms are not met.

Answer 2

The law only recognised DAMAGE as a remedy , it can not offer rectification and others equitable remedies DAMAGE is offer at law in the sense to help compensate the party that suffer loses due to the breach of contract . However it was somehow inadequate thus Equitable remedies were introduced this were Legal principles which were added to common law mainly to address the issue of contract law . Equity mean (fairness) . Some of it's remedies in the breach of contract are , Specific performance >To compel the defendant to perform his contractual part , Unjust enrichment > To compel the defendant to surrender or to pay an equal amount of money as far as his unlawful earning in the expanses of the claimant . However equity can offer DAMAGE too .

Answer 3

The most common remedy for a contract breach is damages, which is a substitutionary remedy and a remedy at law. Damages usually take the form of money paid by the obligor to the obligee to make the obligee whole, in consequence of the harm incurred as a result of the breach.

There are some situations where substitutionary remedies, that is, remedies at law, are legally inadequate or where the harm is otherwise irreparable. In such situations, equitable remedies may be sought. One example of an equitable remedy is specific performance, which is applied in the form of an order from the court ordering performance of the contract. An example is in the case of a contract for real property, since real property is conclusively presumed unique, and thus the only way to make the party against whom the breach is made whole is for that party to receive the benefit he has bargained for, in this case, the real property.

Answer 4

There are several types of remedies, part of it will depend upon the countract itself.

Typically the law will attempt to put both parties at the place they started at, if possible.

The law will avoid enriching one party at the expense of the other.

The law may compel one party to fulfill their part of the agreement.

Answer 5

You can demand satisfaction and then go into legal actions.

Answer 6

You can sue the other party. It would be a civil case for breach of contract.

Answer 7

Compensatory damages