How Do You Identify Remedies For A Breach Of Contract?
Contracts are one of the most important elements of business. Courts have a very limited ability to interfere with contracts between two willing parties, but for contracts to have much power, they must also be enforceable. The legal system offers several types of remedy for breach of contract, depending on the type of contract, the nature of the breach and the specific details of the situation. Breach usually arises from failure to perform, partial performance or inferior performance. Anticipatory breach occurs when one party informs the other of their intention to not perform under the contract. Ask the court to specify performance. Presumably, a party that is suing another for breach of contract wants the other party to perform its duties under the contract. Thus, one of the remedies for breach of contract is for a court order requiring the party in breach to act in a particular way to bring it back in line with the contract. Of course, this remedy is not always available if conditio
