What remedies are available for a breach of contract?

Several remedies are available if a party breaches a contract:

• Damages is where the non-breaching party may claim financial compensation for losses suffered.
• Specific Performance is where the court may order the breaching party to fulfill their contractual obligations.
• Injunction is where a court order stopping a party from doing something that breaches the contract.
• Rescission is where the contract is canceled, and both parties are restored to their pre-contract positions.