Four Types of Damages Available in a Breach of Contract Compensatory damages. Compensatory damages aim to restore the party who did NOT breach the contract back to the position they would have been in if the other party had held up their end of the deal as promised. Punitive damages. Nominal damages. Liquidated damages.
Elements Needed to Prove Breaches Proof you performed your obligations under the terms of the contract or, alternatively, proof you were justified in not doing so. Proof the defendant failed to perform their obligations under the terms of the contract. Proof you suffered damages due to the defendant's breach.
Determining what constitutes a breach involves identifying key elements: the presence of a valid contract, a clear breach of its terms, and resultant damages. Legal professionals need to confirm these fundamental aspects before moving forward. Initiating a claim starts with issuing a formal letter before action.
4 Elements of a Breach of Contract Claim (and more) The existence of a contract; Performance by the plaintiff or some justification for nonperformance; Failure to perform the contract by the defendant; and, Resulting damages to the plaintiff.
The existence of a contract; Performance by the plaintiff or some justification for nonperformance; Failure to perform the contract by the defendant; and, Resulting damages to the plaintiff.
Statement of Claim State how each defendant was involved and what each defendant did that caused the plaintiff harm or violated the plaintiff's rights, including the dates and places of that involvement or conduct.
To prove a breach of contract, you must demonstrate that a valid contract existed, the other party breached the contract, and damages were suffered. Michigan's statute of limitations for breach of contract claims is six years, though specific contract types may vary.
The relevant criteria are: There is a legally binding contract. The other party has failed to perform their duties under the contract. You have suffered loss as a result of the breach. The breach occurred within the last 6 years. Collating and preserving evidence. Reserving your rights. Taking legal advice.