Contract Compensation For Breach In Kings
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In a breach of contract case, damages typically cannot exceed four times the actual losses. However, the exact amount depends on the specifics of your case. Consult with a lawyer to determine the potential damages you may recover.
When calculating compensation for breach of contract, courts follow a fundamental principle to seek to put the innocent party in the same financial position he/she/they would have been in had the contract been properly performed.
As a result, the default remedy available for a breach of contract is monetary damages . Generally, these damages are limited to what is listed in the contract and, unlike damages from tort cases, courts do not award punitive damages for breaches of contract.
Expectation damages can be calculated by comparing: the financial position that the claimant would have been in absent any breach (i.e., if the respondent had performed the contract) (the 'but-for position'); and. the financial position the claimant is actually in given the effects of the breach (the 'actual position').
What evidence do you need to make a breach of contract claim? There is a legally binding contract. The other party has failed to perform their duties under the contract. You have suffered loss as a result of the breach. The breach occurred within the last 6 years. Collating and preserving evidence. Reserving your rights.