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Compensation after a breach of contract

On Behalf of | May 20, 2022 | Business

Contracts are powerful tools that protect the interests of Texas businesses when entering into a relationship with another party. Whether it’s a supplier, employee, client or other party, a contract is a practical way to establish and clarify the rights and responsibilities of each party involved in the relationship. In the event of a breach of contract, the non-breaching party would have grounds to pursue appropriate damages.

What types of damages are available?

The non-breaching party may pursue a civil claim against the offending party after a breach of contract. This may be a suitable way to recover losses or seek mandatory adherence to the terms of the contract. In cases where monetary restitution is sought, the following damages may be appropriate:

  • Punitive damages
  • Restitution
  • Nominal damages
  • Liquidated damages
  • Compensatory damages

The specific types of damages available depend on the details of the individual case. This may include financial losses suffered by the non-breaching party, expected future losses and other complications that arose as a result of the breach of contract. A careful assessment of the individual case will reveal the type and amount of damages one should seek.

Navigating the civil justice system

The civil justice system can be complex and confusing. After a breach of contract, it may be helpful to speak with an attorney with experience in business law matters and the civil litigation process. With the right support and guidance, the non-breaching party can seek to put a stop to the damage done by the breach of contract and seek a satisfactory conclusion to their concerns.