Remedies for Breach of Contract

Remedies for breach of contract are legal solutions available when one party fails to fulfill their agreement. The main remedies include: 1. **Damages**: Monetary compensation for losses caused by the breach. 2. **Specific Performance**: A court order requiring the breaching party to fulfill their contract obligations. 3. **Rescission**: Canceling the contract and restoring both parties to their pre-contract positions. 4. **Reformation**: Modifying the contract to reflect the parties' true intentions. These remedies aim to alleviate the harm caused by the breach and ensure fairness between the parties involved.