Contract law breach of contract remedies

  • What are the 4 types of damages available for breach of contract?

    In each scenario, you're clearly the victim of an obviously broken contract, but the tricky part is determining what type if contract breach occurred and what remedies are legally available to you.
    Generally speaking, there are four types of contract breaches: anticipatory, actual, minor and material..

  • What are the 5 remedies for breach of contract?

    There are three type of remedies which the plaintiff (person who brings an action in a court) which are damages, specific performance and injunction.
    These remedies will be given to the plaintiff according to the losses that he or she had faced..

There are several remedies for breach of contract, such as award of damages, specific performance, rescission, andrestitution. In courts of limited jurisdiction, the main remedy is an award of damages.

Can I get sued for breach of contract?

You can't be thrown in jail for breaking a contract, but you can be sued for “breach of contract” by the other side if they lost money because of your actions (or inactions).
Who is liable for breach of contract.
Upon this agreement becoming effective, each party must conscientiously fulfill its obligations.

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How "reliance damages" can remedy a breach of contract?

Reliance damages are calculated by asking what it would take to restore the injured party to the economic position occupied before the party acted in reasonable reliance on the promise.
Reliance damages may be awarded after a breach of contract or by way of promissory estoppel.

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What damages can I recover from a breach of contract?

Damages in breach of contract cases may include:

  • loss of future profits where the loss is the natural and proximate result of the breach.
    To recover lost profits, the plaintiff must prove such losses with “reasonable certainty.” 4.
    Liquidated Damages .

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