What is the legal remedy for breach of contract in India?

Answer By law4u team

In India, the legal remedy for breach of contract is provided under the Indian Contract Act, 1872. The Act defines a contract as an agreement that is enforceable by law and specifies the remedies available to parties in case of a breach of contract. The following are the legal remedies for breach of contract in India: Specific Performance: Specific performance is a remedy available to the aggrieved party to enforce the specific terms of the contract. In cases where damages would not be an adequate remedy, the court may order the party in breach to perform their obligations under the contract. Damages: Damages are a monetary compensation paid by the party in breach to the aggrieved party. The amount of damages is calculated based on the loss suffered by the aggrieved party due to the breach of contract. Rescission of Contract: Rescission of contract means that the contract is cancelled and parties are restored to the position they were in before the contract was entered into. This remedy is available in cases of material breach of contract or when there has been a misrepresentation or fraud. Quantum Meruit: Quantum meruit is a Latin term that means "as much as he deserves." It is a remedy available to a party who has performed their part of the contract but has not received payment. In such cases, the court may order the party in breach to pay the reasonable value of the work done. In India, the aggrieved party must file a civil suit to seek legal remedies for breach of contract. The courts have the power to enforce the remedies available under the Indian Contract Act, 1872, and provide relief to the aggrieved party.

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