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General and Special Damages for the Breach of Contract
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Nupur Sharma
student in India
Abstract
This research paper will explain how special and general damages play a role when there is a breach of contract. A contract is a two-party agreement that generates mutual legal responsibilities. It can be either be written or oral. When one of the parties fails to perform the contract as agreed, there is a breach of contract. Thus, breach of contract happens when parties fail to follow their legal agreements. For example, failing to deliver a product on time, failing to pay on time, or failing to meet contractual obligations. When a contract has been breached, compensation can be claimed. Damages are defined in contract law as an amount of money given to the innocent party as compensation for a violation of contract.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 6, Issue 1, Page 111 - 116
DOI: https://doij.org/10.10000/IJLMH.114023Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright
Copyright © IJLMH 2021