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Contract Remedies

Contract remedies are legal solutions available when one party fails to fulfill their obligations under a contract. The main types include: 1. **Damages**: Financial compensation for losses caused by the breach. 2. **Specific Performance**: A court order requiring the breaching party to fulfill their contract obligations. 3. **Rescission**: The contract is canceled, and parties return to their pre-contract state. 4. **Reformation**: The contract is adjusted to better reflect the parties' intentions. These remedies aim to restore fairness and uphold the integrity of contractual agreements.

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    Contract remedies are legal solutions available when one party fails to fulfill their obligations under a contract. The main types of remedies include **compensatory damages**, which compensate the injured party for losses; **specific performance**, where the court orders the breaching party to fulfill their duties as agreed; and **rescission**, which cancels the contract entirely. Additionally, **restitution** may be awarded to prevent unjust enrichment, returning received benefits. These remedies aim to restore fairness and uphold the intentions of the contract, ensuring that parties are held accountable for their agreements.