Topic related to business
Topic related to business:In a perfect business world, parties would enter into agreements and benefit from the outcome of their association, no disputes would ever arise. However, in the real business world, delays occur, financial problems arise, and other unexpected events can happen, these factors can hinder or prevent a successful contract from being implemented or carried out. The discussions below highlights the legal concept of breach of contract and the remedies that business can adopt in case such a breach occurs.
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e of the contract is the same.
When a business or an individual breaches a contract, the other party that is involved in the agreement is entitled remedy or relief under the law (Miller & Jentz, 2010). The major remedies for a breach of contract include specific performance, damages, or cancelation and restitution (Miller & Jentz, 2010).
Marsh, S. B., & Soulsby, J. (2002). Business Law. Nelson Thornes.
Miller, R., & Jentz, G. (2010). Business Law Today: The Essentials. Cengage Learning.
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