Contracts bind the parties of a contract to the terms of the agreement the law provides several remedies for breach of contract learn more. Contracts are legally enforceable promises such as a job or service rendered or the purchasing of goods if a party breaks the promise and doesnt hold up their end of the bargain then the other party may have grounds to sue for breach of contract. 2 i damages for breach of contract three damage interests oexpectation benefit of the bargain put promisee in position he would have been in had the contract been performed omeasure wealth of promisee if promise had been performed actual wealth. What are the remedies for breach of contract there are several remedies for breach of contract such as award of damages specific performance rescission and restitutionin courts of limited jurisdiction the main remedy is an award of damages. Breach of contract n failing to perform any term of a contract written or oral without a legitimate legal excuse this may include not completing a job not paying in full or on time failure to deliver all the goods substituting inferior or significantly different goods not providing a bond when required being late without excuse or any act which shows the party will not complete the
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