Remedies for Breach of Contract

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There are several remedies available when a contract is breached. Compensatory damages aim to put the injured party in the position they would have been in had the contract been fulfilled, including expectation damages, reliance damages, and restitution damages. Consequential damages compensate for unique losses to the injured party that were foreseeable. Injunctions and specific performance can also be awarded to require or prevent certain actions. Punitive damages punish egregious breaches but are rarely awarded.

Business Divertissement et humour

Quote of the Day ,[object Object],[object Object],[object Object]

Breaching the Contract ,[object Object],[object Object],[object Object]

Identifying the “Interest” ,[object Object],[object Object],[object Object],[object Object]

Identifying the “Interest” (cont’d) ,[object Object],[object Object],[object Object],[object Object]

Compensatory Damages ,[object Object],[object Object],[object Object]

Consequential Damages ,[object Object],[object Object],Click here for the web page of a damage calculation company.

Incidental Damages ,[object Object],Acme agrees to sell 1000 widgets to Big Bob’s for $1 each, but fails to deliver. Big Bob has to buy 1000 widgets from ConCo for $1.25 each. Big Bob can recover incidental damages of the extra $250 from Acme.

Seller’s Remedies ,[object Object],[object Object]

Buyer’s Remedies ,[object Object],[object Object]

Law and Equity ,[object Object],[object Object],[object Object],[object Object]

Other Equitable Interests ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Special Issues of Damages ,[object Object],[object Object],[object Object],[object Object]

Liquid Damages ,[object Object],[object Object],[object Object],[object Object]

Punitive Damages ,[object Object],[object Object],[object Object],[object Object],[object Object]

“ The flexible powers of a court should enable it to craft a just remedy for almost any breach of contract.”

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