What happens if I breach a contract?

If you breach a contract in Delaware, the other party in the agreement may have a right to sue you for damages. Essentially, this means that you must compensate the other party for any harm or losses caused by your breach of the contract. Generally, these losses are incurred in the form of money, but they can also take the form of additional services or labor. In a court proceeding, a judge will determine the amount of damages you owe—this is sometimes referred to as a judgment for damages. The damages awarded to the other party in a civil case are typically based on the amount of money needed to make the other party “whole” again, or to put them in the same position they would have been in had the breach not happened. In addition to damages, the other party in the agreement may also be able to obtain an injunction. An injunction is an order from a court that prohibits a person from engaging in a particular behavior or action. In the case of a breach of contract, the court may issue an injunction to stop the other party from continuing to breach the contract or from breaking any of the terms. Finally, the other party may be able to obtain specific performance. This means that the court may order you to fulfill the contract as it was written, rather than awarding monetary damages or issuing an injunction. Overall, if you breach a contract in Delaware, the other party may be able to recover damages, obtain an injunction, and/or obtain specific performance from the court.

Related FAQs

What is a Warranty Deed?
What is a mortgage pre-approval?
How do I become a real estate agent?
What is a deed of trust?
What is the difference between an affidavit of title and a title commitment?
What are the benefits of a home warranty plan?
What is a restrictive covenant?
What is an option to purchase?
What is the difference between a real estate appraiser and an inspector?
What are the legal requirements for purchasing a home?

What happens if I breach a contract?

Related FAQs

Related Blog Posts