What are the common types of remedies available?
In Florida, the most common types of remedies available in contract law are specific performance, rescission, restitution, and damages. Specific performance is a remedy in which the courts order a party to execute the contract and perform the tasks required by the agreed terms. Rescission is the canceling or undoing of the contract by the court, often when one of the parties has breached the terms of the contract. Restitution is a remedy, which is used to restore the parties to the position they were in before the agreement or contract was made. This typically requires one party to return any money, goods, or services received from the other. Lastly, damages, is a remedy in which the court orders one party to pay the injured party a certain amount of money. This is usually used when damages are unable to be restored, and the court wants to compensate the injured party for the loss. This is the most common form of a remedy used in Florida contract cases.
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