Damages or legal remedies, which may include: Compensatory damages. General damages. Special damages. Consequential damages. Incidental damages. Expectation damages. Reliance damages. Punitive damages.
What is the remedy clause in an agreement?
Example of a remedy clause: In the event of any bdocHub of this agreement by either party, the non-bdocHubing party shall be entitled to seek any and all remedies available under law or equity, including but not limited to damages, specific performance, and injunction.
What is an example of a remedy?
Remedies can also be determined in advance for an entire class of cases. For example, there can be a fixed fine for all violations of a legal rule, regardless of how much harm was caused in a particular case.
What are remedies in contract?
Contract remedies can be either legal or equitable in nature, and they may include monetary damages, specific performance, or cancellation and restitution.
What are agreed remedies?
by Practical Law Dispute Resolution. An outline of the remedies that may be agreed by parties for bdocHub of contract. This note considers actions for an agreed sum, advance payments, liquidated damages and the rule against penalties.
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Damages are the most common form of remedy sought after. They are an award of money by the court designed to compensate the plaintiff for injuries caused by the defendants wrong.
What are the different types of remedies?
Monetary awards (called damages), specific performance, and restitution are the three principle remedies.
Related links
25.302-5 Remedies.
The contracting officer may direct the contractor, at its own expense, to remove and replace any contractor or subcontractor personnel performing private
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