Remedies for Breach of Contract

The remedies for breach of contract are
Comparative Remedies for Breach of Contract (International Studies in the Theory of Private Law)ir?t=vishaalslair 20&l=bil&camp=213689&creative=392969&o=1&a=1841134538
1. Damages – Monetary compensation is awarded to the injured party. A court decides on this figure. E.g. Robbie Williams sacked his manager and the manager was awarded €1.7million because he had honoured the terms of the contract.

2. Specific Performance– A judge orders that certain orders are carried out. It is a suitable means if damages are not important. E.g. A builder and a client disagree on the standard of workmanship carried out on a house. The builder is ordered by the judge to upgrade the work.

3. Rescind the contract– A judge attempts to place both parties back in the same position as they were before the contract. The purpose of this is to release the parties from the contract. E.g. Failure to obtain planning permission on a site.

Be the first to comment on "Remedies for Breach of Contract"

Leave a comment

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.