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There are only three elements to a breach of contract claim in Arizona. First, you must establish that there was a legally enforceable contract. Second, you must establish that the terms of the contract were breached. Lastly, you must suffer financial injury as a result of the breach.
5 Common Remedies for a Breach of Contract #1. Compensatory Damages. Compensatory damages are the most common damages awarded in breach of contract cases. ... #2. Liquidated Damages. ... #3. Rescission. ... #4. Specific Performance. ... #5. Injunction. ... Have a Contract that has Been Breached? We Are Here to Help.
Defenses that may excuse a breach of contract include duress, fraud and misrepresentation, mistake, lack of consideration and the statute of frauds.
The statute of limitations period in Arizona is two years for the torts of negligent misrepresentation and breach of the good faith and fair dealing, as well as for securities fraud. A.R.S. §§ 12-542, 44-1991. The applicable period for actions involving an oral contract or common law fraud is three years.
This includes payment for monetary losses, property damage, lost revenue, reputation tarnishment, and more. Arizona law, specifically ARS 12-341.01 allows a plaintiff to collect attorney's fees related to a breach of contract claim. However, it also allows the defendant to collect attorney's fees if they win the case.
47-2725 - Statute of limitations in contracts for sale. A. An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
Remedies for Breach of Contract If a breach of contract occurs, then the injured party may be offered a remedy in the form of legal remedies, or money damages, equitable remedies, or restitution by Arizona courts.