Contractual Remedies

Contractual remedies are legal solutions available when one party fails to fulfill their obligations under a contract. These remedies aim to restore the injured party to the position they would have been in had the contract been properly executed. Common types include damages (monetary compensation), specific performance (a court order requiring the breaching party to fulfill their contract), and rescission (cancellation of the contract). Essentially, contractual remedies help ensure fairness and accountability in agreements between parties.