Breach of Contract Remedies
The normal remedy of a breach of contract is money damages. A contract should have a clause in it to specify what will be done in case a contract is not fulfilled. If you and the other party live in different geographical jurisdictions, you should try to include a provision which says that the contract is to be enforced under the laws of your jurisdiction. This makes it possible for any litigation concerning the contract to take place in a court near your home. For more information you can go to: http://www.lectlaw.com/files/bul08.htm .
Posted by jewls1_99 on 8/27/2009
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Nonperformance and Breach of Contract - from the 'Lectric Law Library's stacks ... REMEDIES The ordinary remedy for breach of contract is money damages. As we said earlier, a contract should always foresee the possibility of nonperformance, intentional or unintentional, and should spell out what is to be done.
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REMEDIES FOR BREACH OF CONTRACT In the event of a breach of contract, the injured party usually sues for money damages (the award of a sum of money designed to compensate for losses stemming from the breach). Damages are measured by what may reasonably be foreseen as financial losses;
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What are my remedies in the event there is a breach? ... Foreseeable damages means that each side reasonably knew that, at the time of the contract, there would be potential losses if there was a breach. (3) Attorney fees and Costs - only recoverable if expressly provided for ... Home > Law Advice > Contract Law > Remedies Breach...
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Notes on Contract Remedies ... There are two primary types of remedies for contract breach: money damages and equitable remedies. This note also briefly discusses the restitution cause of action. ... For a seller’s breach of contract to sell goods, money damages are the standard remedy. However, specific performance may...
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Contracts Chapter 20 Breach of Contract & Remedies ; The key points in this chapter include: ... Breach of contract is the failure to perform what a party is under a duty to perform. When this happens, the nonbreaching party can choose one or more remedies. Unless damages would be inadequate, that is usually what a court...
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This paper examines the sharing of risk under three different remedies for breach of contract. ... *Published: Polinsky A. Mitchell. "Risk Sharing through Breach of Contract Remedies." Journal of Legal Studies, Vol. 12, No. 2, (June 1983), pp. 427-444.
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Equitable remedies are available if there has been a breach of contract that cannot be adequately compensated by a legal remedy. ...
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Elements of Breach of Contract ... quantum meruit, quasi contract, unjust enrichment - these are all terms based in Equity - this is when someone knows they'll lose on the Breach of Contract claim, but feel they should win on the basis of fairness.
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Court Of Appeal Decision In Relation To The Availability Of Damages Once Shipbuilding Contract Terminated ... After exhausting traditional administrative remedies, AIDS Healthcare Foundation (AHF) has filed a lawsuit against the State of California's...
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