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Money is not the only remedy for a breach of contract

On Behalf of | Mar 9, 2022 | Contract Law

While compensatory damages are the most common remedies following a breach of contract, they are not the only available options. Depending on the nature of your contract, other remedies may exist to provide you relief in case the other party breaches the contract.

In some cases, money cannot provide enough relief for you, which necessitates other remedies.

What are these other remedies?

One of the available remedies is when the court orders the other party to fulfill their end of the contract. This type of remedy is known as specific performance, meant to implement the contract as per the initial agreement entered into by the parties.

By the same token, the court can issue an injunction almost similar to specific performance. However, instead of ordering the other party to do something specific, an injunction orders the other party not to. Injunctions are meant to prevent further damage while the case is pending, and they can either be temporary or permanent.

Alternatively, you can have the option of canceling the contract as a remedy. In this case, you will not have to honor your end of the contract as each party will go separate ways.

The remedy depends on the nature of the breach

The type of damages you will be awarded usually depends on the breach. For instance, rescission of the contract is only an option if the damage is material and affects the heart of the contract. In addition, specific performance applies in contracts for something that cannot be easily replaced, or monetary compensation cannot make sense.

It is essential to learn about the possible remedies available for your case. It will help you make the best decision to recover as much as you can from the breach.