Question

7) With regard to remedies available for breach of contract, when would compensatory, liquidated damages, or consequential damages apply and when might an injured party seek specific performance? Also discuss mitigation. Search entries or author

Answer 1

For breach of contract either party can file litigation case or move to an arbitration proceedings .

To claim any inconsequential damages one can seek the information post the injury or after hospitalizations or severe medical treatment. To discuss mitigation the parties must have ensured substantiated documents for proof and must have documents to claim the amount.

Moreover strict audit committes and strong legal teams must be setup for lawsuits and litigation processes .