Breach of Contract Equitable Remedies

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Breach of Contract Equitable Remedies

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Original Source: Legal Match

“What Is an Equitable Remedy?

 Equitable remedies are a distinct category of remedies that can be obtained in a breach of contract situation. In general, remedies may be divided into two categories: legal and equitable. Legal remedies allow the non-breaching party to recover monetary damages. In contrast, equitable remedies are actions that the court prescribes which will serve to resolve the breach or dispute.

Equitable remedies are typically granted when legal remedies or monetary compensation cannot adequately resolve the wrongdoing. It is often a requirement that legal damages be unavailable before a court will decide to issue equitable relief…”

http://smallbusiness.chron.com/5-ways-terminate-contract-16020.html 

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