What are some of the remedies available to parties to a contract who breach their obligations?

The remedies available to parties for a breach of contract in Massachusetts depend on the terms of the contract and the type of breach. Generally, parties to a contract are expected to fulfill the obligations they agreed to, or they may be held liable for damages. When a party breaches a contract, the other party may seek monetary compensation for any losses incurred. This is known as "damages." Damages can include direct losses (such as lost profits or costs of repair) as well as indirect costs (such as loss of reputation). In Massachusetts, courts will attempt to put the non-breaching party in the same position they would have been in, were it not for the breach. Another type of remedy available is known as "specific performance." This is where the breaching party is ordered by the court to fulfill the promises they made in the contract. This may only be available in certain situations, when money damages are not sufficient to resolve the issue. In addition, courts in Massachusetts also allow parties to receive "injunctive relief." This is when a court orders one party to either do or not do something, as specified in the contract. This is often used to stop a party from breaching their obligations, or to prevent them from continuing to breach their obligations. Finally, a party may seek "rescission" of the contract. This is when a court orders that the contract is void, allowing the parties to recover any money, property, or goods they exchanged under the contract. All of these remedies are available to parties to a contract who breach their obligations. Ultimately, the type of remedy that is available depends on the terms of the contract, the type of breach, and the circumstances of the breach.

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What are some of the remedies available to parties to a contract who breach their obligations?

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