What are the remedies for breach of contract?

In Florida, the remedies for a breach of contract depend on the type of contract and the extent of the breach. Generally, there are three potential remedies for breach of a contract: damages, specific performance, and a restraining order. Damages are awarded to the injured party to repair the harm that they suffered as a result of the breach. When the breach causes quantifiable losses, the injured party is entitled to receive money from the breaching party to cover those losses. This is known as compensatory damages. In some cases, such as when the breach is intentional, the injured party may also be awarded punitive damages meant to punish the breaching party. If the remedy of damages is not available or effective in a particular case, the court may award specific performance. Specific performance is the court ordering the breaching party to complete the contract as promised. The third remedy for breach of contract is a restraining order. If the court believes that the breaching party is likely to breach the contract again, they may issue a restraining order that prevents the breaching party from performing certain actions or ordering them to perform certain actions. This is meant to prevent further harm to the non-breaching party. All three remedies may be available depending on the situation and the type of breach. It is important to speak to a qualified attorney if you believe that a contract has been breached in order to choose the most appropriate remedy.

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