Damage Remedies Available Under Contract Law

There are many remedies available under contract law. These remedies should make the aggrieved party “whole” in the sense that they will be in the same position as if the contract had been performed as agreed upon. Contracts do not have the potential for punishing breaching parties for their failure to complete a contract because that would prove to be a roadblock to people feeling that they can contract freely and not be punished for failed endeavors.

The following questions have been addressed in this article:

Are punitive damages generally permitted to be recovered in contract cases?
Are any damages clearly specified in a contract?

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