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What are the remedies for a breach of contract?

On Behalf of | Mar 25, 2016 | Contract Disputes |

When a person or entity agrees to provide goods or services to you and doesn’t completely satisfy their obligation, they are in breach of contract. If you feel that you have had a situation such as this happen to you, you could stand to gain in court. You could be awarded remedies in law or remedies in equity.

A remedy in law is awarded when the court determines that financial restitution is owed. The range of remuneration varies from nominal, in which the court determines neither party was significantly owed anything for the breach, to punitive damages, which are ordered with the intention of punishment toward the breached party for doing something potentially harmful. This could be a party that, in addition to the legal misstep of breaching a contract, has morally wronged by not honoring the commitment.

A remedy in equity is when the court steps in to orchestrate an action. The court could determine that the breached party must do as they initially promised and honor the commitment when no other remedy could suffice in correcting the breach. The court could also cancel the contract and determine no party owes the other and the contract is no longer binding.

If a company or person has not fulfilled their end of a deal, then they may be in breach of contract and could be held financially or otherwise accountable. By seeking out an Ohio business and commercial law attorney, you may be able to pursue restitution and minimize the harm done by their failure to honor a commitment.


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