Claim Damages For Breach Of Contract
Description
How to fill out Assignment Of A Claim For Damages?
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FAQ
There are several remedies for breach of contract, such as award of damages, specific performance, rescission, andrestitution.
The damages are measured by the difference between the contract price and the market price when the seller provides the goods, or when the buyer learns of the breach.
As a general rule, the victim of a breach of contract is entitled to recover compensatory damages. This means the amount of money that would put the victim in the financial position he or she would have occupied had the contract not been breached. There are two rules for measuring compensatory damages.
The basic breach of contract elements require you to prove:There was a valid contract;You performed your part of the contract;The defendant failed to perform their part of the contract; and.You sustained damages caused by the defendant's breach.
The main types of damages are compensatory, liquidation, punitive, nominal, and ordinary damages.
