What are the remedy for breach of contract?

Repudiation. If the other party breaches a condition of the contract, you may be able to 'repudiate' the contract to terminate it and claim damages for your loss - or to 'affirm' the contract and claim damages. Damages. Specific Performance.

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Clauses Relating to Defaults...

Clauses Relating to Defaults, Default Remedies

Name: Clauses Relating to Defaults, Default Remedies
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (437 reviews)

Category:

Partnerships - Drafting Joint Venture Agreements

State:

Multi-State

Control #:

US-P0614-4AM

Format:

Instant download

Description

This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money.

View Co-Petitioner (with no or adult children) Acknowledgment About Dissolution / Divorce / Separation

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View Co-Petitioners' (with no or adult children) Affidavit in Support of Motion for Waiver of 90 Day Waiting Period

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View Co-Petitioners' (with no or adult children) Affidavit in Support of Motion for Order Allowing Entry of Judgment on Affidavit in Lieu of Hearing

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View Co-Petitioner Stipulated General Judgment of Dissolution of Marriage and Money Award

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View Instructions - Filing for Dissolution (Divorce) Co-Petitioners Cases Without Children

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FAQ

There are three types of equitable remedies: specific performance, injunction, and restitution.

A remedies clause sets forth the parties' intention to provide for equitable remedies for breach of contract, in addition to or instead of just monetary relief. A remedies clause can also be used to limit the relief the parties can obtain upon breach of the contract.

A legal remedy, also referred to as judicial relief or a judicial remedy, is the means with which a court of law, usually in the exercise of civil law jurisdiction, enforces a right, imposes a penalty, or makes another court order to impose its will in order to compensate for the harm of a wrongful act inflicted upon

The party who is injured by the breach of contract may bring an action of breach of contract either by remedy of specific performance or the damages available such as general or liquidated damages, nominal damage (no loss situation), compensatory, punitive and specific.

A decree of specific performance is one of the most important equitable remedies. It is a court order directed to someone who is party to a contract to instruct them to perform their obligations under the contract.

Equitable defenses are usually affirmative defenses asking the court to excuse an act because the party bringing the cause of action has acted in some inequitable way.

Repudiation. If the other party breaches a condition of the contract, you may be able to 'repudiate' the contract to terminate it and claim damages for your loss - or to 'affirm' the contract and claim damages. Damages. Specific Performance.

Monetary awards (called damages), specific performance, and restitution are the three principle remedies.

Equitable relief, also referred to as an equitable remedy, is a type of court-ordered relief for an aggrieved party that is used when ordinary legal remedies such as awarding damages are considered inadequate justice for the suffering party.

Clauses Relating to Defaults, Default Remedies

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