Damages in contract law can be defined as a sum of money paid to the innocent party in compensation for a breach of contract.

Damages are imposed if the court finds that a party breached a duty under contract or violated some right.

There are five important types of damages that might be available, depending on your situation: compensatory damages, specific performance, an injunction, ...

1 мая 2024 г. · 5 Types of Damages for Breach of Contract · 1. Compensatory Damages · 2. Consequential Damages · 3. Incidental Damages · 4. Punitive Damages · 5.

The general rule is that damages are meant to place the claimant in the same position as if the contract had been performed.

I. Damages in General. 2. II. Limitations on Damages. 3. A. Remoteness/Foreseeability. 3. B. Uncertainty. 4. C. Avoidability. 5. III. Liquidated Damages.

Damages in contract law will often be liquidated damages, that is, the amount of loss is capable of being calculated with reference to the contract.

14 июл. 2023 г. · Damages are an award of money made to compensate the plaintiff who has suffered loss or damage due to the defendant's breach of the contract.

31 мар. 2023 г. · Damages are usually awarded to an injured party for losses suffered as a result of the defaulting party's actions or non-actions.

5 Types of Damages That May Be Awarded for a Breach of Contract · 1. Compensatory Damages · 2. Liquidated Damages · 3. Nominal Damages · 4. Restitutionary Damages.