Introduction to Breach of Contract
A breach of contract occurs when a party fails to fulfill its obligations under the contract. Understanding the types of breach and available remedies is crucial for protecting legal rights.
Types of Breach of Contract in Indian Law
- Anticipatory Breach: One party indicates they will not fulfill their contractual obligations before the performance is due.
- Actual Breach: Failure to perform obligations when due.
Legal Remedies for Breach of Contract
- Damages: Monetary compensation for the loss suffered.
- Specific Performance: Court orders the breaching party to perform their contractual obligations.
- Injunctions: Court orders to prevent a party from doing something.
- Rescission: Cancellation of the contract.
- Restitution: Restoration of the injured party to the position before the contract.
Case Laws on Breach of Contract
- Hadley v. Baxendale: Established the rule for determining the type of damages.
- Pannalal Jankidas v. Mohanlal: Discussed anticipatory breach and remedies.
Conclusion
Understanding breach of contract and the available remedies helps in effectively managing contracts and protecting legal rights.
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