Explore the legal terms and concepts related to Contract - Legal Remedies. Click on any term below to learn more about its definition and applications.
What are legal remedies in contract?
Legal remedies in contract consist of damages.
In assessing contract legal remedies, are nominal damages permitted?
Yes, nominal damages are permitted in contract.
What is the result of having a liquidated damages provision that is too excessive?
If the amount of a liquidated damages provision is excessive, it will be void as a penalty, and only...
In assessing contract legal remedies, what are liquidated damages and when are they permissible?
Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible o...
In assessing contract legal remedies, are punitive damages permitted?
No. Punitive damages are not allowed in contract, and where a defendant acts willfully, a plaintiff...
In assessing contract legal remedies, what are incidental damages?
Incidental damages represent certain expenses incurred as a result of the breach (e.g., storage and...
In assessing contract legal remedies, what are consequential damages?
Consequential damages are available for related damages that were foreseeable at the time of formati...
In assessing contract legal remedies, what are expectation damages?
Expectation damages represent the benefit the plaintiff expected to receive had the contract been pe...
What elements are required to prove legal remedies in contract?
To prove damages, there must be (1) causation; (2) foreseeability; (3) certainty; and (4) unavoidabi...
In assessing contract legal remedies, what are compensatory damages?
Compensatory damages in contract are based on the injury to the plaintiff, in the form of (1) expect...
