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Remedies • Contract - Legal Remedies
REM#037
Legal Definition
Legal remedies in contract consist of damages.
Plain English Explanation
Legal remedies in contracts are the solutions you get when someone breaks a contract. Most of the time, this solution is money, which is called "damages" (otherwise known as "cash"). The purpose of this rule is to make sure that if someone doesn't do what they promised in a contract, the other person can get compensation. This rule exists because contracts are based on trust, and if someone breaks that trust, there needs to be a way to fix the situation.
Visual Aids
Related Concepts
In assessing contract legal remedies, are nominal damages permitted?
In assessing contract legal remedies, are punitive damages permitted?
In assessing contract legal remedies, what are compensatory damages?
In assessing contract legal remedies, what are consequential damages?
In assessing contract legal remedies, what are expectation damages?
In assessing contract legal remedies, what are incidental damages?
In assessing contract legal remedies, what are liquidated damages and when are they permissible?
What elements are required to prove legal remedies in contract?
What is the result of having a liquidated damages provision that is too excessive?
