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If the damage done to the other party is minimal, remedies for breach of contract may include contract rescission or modification.However, if the damage done is extensive and severe, the breaching party may be ordered to pay money to help restore the injured party to where they were before the breach occurred.You might have been taken to this page for a number of reasons.If you typed a web address directly, please check that the spelling is correct. If you followed a link from another website, or used a bookmark, the page may have been moved to a new location.Usually this type of remedy is intended to compensate the non-breaching party for losses suffered as the result of a contract breach.They are not intended to punish the breaching party, but to make the injured party “whole again” under the law.

Dies kann verschiedene Gründe haben: Wenn Sie die Webadresse selbst eingegeben haben, überprüfen Sie bitte die richtige Schreibweise. Wenn Sie über einen Link einer anderen Website auf diese Seite gelangt sind oder ein Lesezeichen verwendet haben, kann es sein, dass die Seite auf eine neue Adresse umgezogen ist.Thus, it’s important that (1) your clause not in fact be a penalty provision and (2) the liquidated damages clause clearly reflect an attempt to compensate the non-breaching party. If the Hotel over-books, then, within 14 calendar days of the occurrence of the over-booking, the Hotel shall pay to the Customer as liquidated damages, and not as a penalty, an amount equal to 30% of the average Room Rate for each Guestroom Reservation that the Hotel is unable to accept prior to the Reservation Cut-off Date. There are 8 references cited in this article, which can be found at the bottom of the page.If a party fails to keep up their end of the contract, then the other party may be entitled to compensation.” is the term used to refer to a situation where one party breaks the promise they made in the contract.The type of remedy that a party may be entitled to is largely determined by the severity of the breach of the contract, as well as the damage done to the other party.

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