What Is a Breach Of Contract? And Remedies Of Breach Of Contract In Australia Breach of contract means the violation of an agreement or a contract that takes place when one party fails to keep the promises according to the provisions of the contract. Breach of contract can take place on anything such as extending payment, or some serious violation such as unable to deliver the asset on the promised date. The contract can be breached as a whole or partially. There are different types of breach of contracts, a few of them are noted below: ● Minor Breach ● Material Breach ● Actual Breach ● Anticipatory Breach
Remedies Of Breach Of Contract Various remedies of ‘breach of contract’ are noted below. 1. Equitable Remedies There are two major types of equitable remedies one is specific performance - it is an order for the breaching party to perform the contract in the way decided by the law and the other is injunctions - Injunctions are the orders that direct the party not to do something. It is an order given by the court that says the guilty party for stopping whatever action is creating any type of damage to the other party. 2. Damage and Liquidated Claims It is the most common law remedy available. Damages for violation of the contract are seen as a substitute for the performance. These are the amount of money that is given for the losses suffered by the victim.
Some Other Remedies Of Breach Of Contract If one party violates the contact there are some other remedies available too. These remedies are. ● Punitive damage to repay the victim party for the losses caused. ● An order provided by the court for stopping the party from breaching the contract. ● An order provided by the court to terminate the agreement and tells the party who has violated the contract to put the suffered party in the position he or she was in before the contract was formed. While studying law in Australia scholars get numerous assignments based on different topics of law such as damages for breach of contract, corporate law, etc. These assignments are lengthy and time-consuming and sometimes become daunting too. So they need assistance from law assignment help experts in Australia so that they can meet their deadline and achieve HD grades in academics.