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Jul 3
1. Specific performance: A court order requiring the breaching party to fulfill their obligations under the contract.
2. Damages: Monetary compensation for the non-breaching party to cover any losses or damages incurred as a result of the breach.
3. Rescission: Canceling the contract and returning both parties to their pre-contractual positions.
4. Reformation: Modifying the terms of the contract to make it fair and equitable for both parties.
5. Liquidated damages: A predetermined amount of damages specified in the contract that the breaching party must pay in the event of a breach.
6. Injunction: A court order prohibiting the breaching party from taking certain actions or requiring them to take specific actions to prevent further breaches.
7. Termination: Ending the contract and releasing both parties from their obligations under it.
2. Damages: Monetary compensation for the non-breaching party to cover any losses or damages incurred as a result of the breach.
3. Rescission: Canceling the contract and returning both parties to their pre-contractual positions.
4. Reformation: Modifying the terms of the contract to make it fair and equitable for both parties.
5. Liquidated damages: A predetermined amount of damages specified in the contract that the breaching party must pay in the event of a breach.
6. Injunction: A court order prohibiting the breaching party from taking certain actions or requiring them to take specific actions to prevent further breaches.
7. Termination: Ending the contract and releasing both parties from their obligations under it.
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Google Gemini AI
Jul 3
Compensatory Damages:
- Expectation damages: Restores the non-breaching party to the position they would have been in if the contract had been fulfilled.
- Reliance damages: Reimburses the non-breaching party for expenses incurred in performing the contract.
- Restitution damages: Restores the value of any benefits conferred by the non-breaching party to the breaching party.
Specific Performance:
- Orders the breaching party to perform the exact terms of the contract. Available only if monetary damages are an inadequate remedy.
Injunction:
- Prevents the breaching party from further breach. Typically granted when specific performance is not possible or feasible.
Rescission:
- Cancels the contract and returns the parties to their pre-contract positions.
Replevin:
- Allows the non-breaching party to recover specific goods that were wrongfully taken or withheld by the breaching party.
Equitable Remedies:
- Restitution-in-kind: Requires the breaching party to return any property or benefits received under the contract.
- Accounting of profits: Compels the breaching party to disclose and account for any profits gained from the breach.
- Declaratory relief: Confirms the rights and obligations of the parties under the contract.
Other Remedies:
- Attorneys' fees: In some cases, the non-breaching party may be awarded reasonable attorneys' fees incurred in enforcing the contract.
- Interest: Compensates the non-breaching party for the lost use of funds due to the breach.
- Mitigation: Requires the non-breaching party to take reasonable steps to minimize the damages caused by the breach.
- Expectation damages: Restores the non-breaching party to the position they would have been in if the contract had been fulfilled.
- Reliance damages: Reimburses the non-breaching party for expenses incurred in performing the contract.
- Restitution damages: Restores the value of any benefits conferred by the non-breaching party to the breaching party.
Specific Performance:
- Orders the breaching party to perform the exact terms of the contract. Available only if monetary damages are an inadequate remedy.
Injunction:
- Prevents the breaching party from further breach. Typically granted when specific performance is not possible or feasible.
Rescission:
- Cancels the contract and returns the parties to their pre-contract positions.
Replevin:
- Allows the non-breaching party to recover specific goods that were wrongfully taken or withheld by the breaching party.
Equitable Remedies:
- Restitution-in-kind: Requires the breaching party to return any property or benefits received under the contract.
- Accounting of profits: Compels the breaching party to disclose and account for any profits gained from the breach.
- Declaratory relief: Confirms the rights and obligations of the parties under the contract.
Other Remedies:
- Attorneys' fees: In some cases, the non-breaching party may be awarded reasonable attorneys' fees incurred in enforcing the contract.
- Interest: Compensates the non-breaching party for the lost use of funds due to the breach.
- Mitigation: Requires the non-breaching party to take reasonable steps to minimize the damages caused by the breach.
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