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What is Remedies for Breach of Contract Explained about?

1) When a contract is breached, the injured party has several remedies including rescinding the contract, suing for damages, suing based on the work completed (quantum meruit), or suing for specific performance or injunction. 2) Damages are monetary compensation for losses from a breach and can include ordinary, special, nominal damages or damages for loss of reputation. Liquidated damages may also be stipulated. 3) Specific performance can be ordered by a court when monetary damages are not adequate, s

Author

Sunil Shaw

Language

EN