What are the remedies for breach of contract?

In Texas, there are several remedies available for breach of contract. Generally speaking, the remedies involve either compensating the non-breaching party for any losses incurred, or requiring the breaching party to perform their obligations under the contract. If a party suffers a financial loss due to a contract breach, they can choose to pursue a remedy of money damages. This type of remedy seeks to compensate the non-breaching party for any financial losses sustained due to the breach. This type of remedy can be pursued in court or can be negotiated between the parties. The non-breaching party may also choose to pursue a remedy of specific performance. This type of remedy requires the breaching party to perform their obligations under the contract. This type of remedy is typically only available if the contract includes a specific performance clause, which allows the parties to a contract to agree to have the court award this type of remedy for breach of contract. The non-breaching party may also choose to pursue a remedy of rescission. This type of remedy allows the non-breaching party to cancel the contract and be restored to the same position as before the contract was entered into. This type of remedy is usually used when the contract was entered into due to some form of fraud or mistake. Finally, the non-breaching party may choose to pursue a remedy of in-kind performance. This type of remedy requires the breaching party to perform the obligations of the contract in a different form. For instance, if a contract requires the delivery of one type of goods, the non-breaching party may choose to receive goods of a different type instead.

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