Blog: Breach Of Contract

Equitable Remedies for Breach of a Business Contract

Feb 7, 2022

When Monetary Compensation is Inadequate In most instances, when a commercial contract has been breached, the non-breaching party seeks payment of monetary compensation to cover its losses. It may take the form of lost profits, out-of-pocket expenses, or lost opportunity costs. In some situations, though, the payment of cash by one party will be deemed inadequate or insufficient to cover the other party’s losses. In such situations, the court may grant the non-breaching party certain...

Affirmative Defenses to Allegations of Breach of Contract

Mar 20, 2019

If you’re in business, you have regular exposure to contracts, both written and oral. You may also have the experience of dealing with situations where a party has failed to meet obligations under an agreement. Though the breach of a contract can often be the basis for legal action, there are certain “affirmative defenses” that can be raised, which can absolve you of liability. The Common Affirmative Defenses to Breach of Contract Typical affirmative defenses...