What remedies are available in case of breach of contract?

In New Hampshire, there are many remedies available in case of breach of contract. Generally, when one part fails to fulfill its obligations under the contract, they are said to be in breach. The non-breaching party may choose to take legal action in order to recover any losses. The most common remedy for a breach of contract is monetary damages. This means that the non-breaching party may recover the money that was lost as a result of the breach. This can include both direct losses such as the cost of any materials that were not delivered, as well as indirect losses such as lost profits. The court may also order the breaching party to pay interest on all amounts owed. In certain circumstances, a court may order “specific performance” instead of monetary damages. This requires the breaching party to perform the exact obligations that were outlined in the contract. Additionally, if the contract is verbal rather than written, the non-breaching party may be able to obtain an “injunction” from a court. An injunction is an order from the court to require the breaching party to take certain actions or to stop certain kinds of behavior. Finally, lawyers may also be able to use "rescission" to fix the problem. Rescission means canceling the contract and restoring both parties to the positions they were in before the contract was signed. Ultimately, it is up to the non-breaching party to decide which remedy is best for their particular circumstances.

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What remedies are available in case of breach of contract?

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