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What Are the Legal Remedies for Breach of Contract?

April 26, 2017breach contract Legal remedies

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What Are the Legal Remedies for Breach of Contract?

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A breach of contract occurs when a party who has signed a contract fails to live up to his responsibilities as specified in the contract. There is a range of legal remedies for breach of contract. For example, a person may be entitled to monetary compensation in the event that the other party fails to live up to the terms of the contract. A contract may also be canceled because of a breach or changed to include the terms the parties desire. In some cases, a judge may even order either party to live up to the terms of the contract.