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Contract Law Remedies for Breach: Equitable Remedies

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Business Law Institute

When money damages, which are the usual legal remedy in contract law, are inadequate and would not fully compensate for a breach, then an equitable remedy in the form of nonmonetary damages may be awarded by a judge.

Equitable remedies include specific performance, rescission and restitution, reformation, liquidated damages, and promissory estoppel.

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