When someone ends a contract without agreement from the other party, it can lead to serious problems. Here are some important things to know about these consequences:
Breaking the Contract: If someone ends a contract on their own, it counts as breaking the contract. Studies show that about 70% of contract arguments come from these types of breaks. This can lead to the person who didn't break the contract asking for damages.
Damages: The person who wasn’t at fault can ask for compensatory damages. This means they want money to help cover their losses. These losses can include:
Restitution: The person who wasn't at fault can also request restitution. This means they want to get back what they gave up. Research shows that about 30% of cases actually grant restitution.
Specific Performance: Sometimes, a court can tell the person who broke the contract that they have to follow through with what they agreed to do. This happens in about 10% of breach cases.
These points show just how important it is to follow the rules of a contract and to agree with both parties before making any changes.
When someone ends a contract without agreement from the other party, it can lead to serious problems. Here are some important things to know about these consequences:
Breaking the Contract: If someone ends a contract on their own, it counts as breaking the contract. Studies show that about 70% of contract arguments come from these types of breaks. This can lead to the person who didn't break the contract asking for damages.
Damages: The person who wasn’t at fault can ask for compensatory damages. This means they want money to help cover their losses. These losses can include:
Restitution: The person who wasn't at fault can also request restitution. This means they want to get back what they gave up. Research shows that about 30% of cases actually grant restitution.
Specific Performance: Sometimes, a court can tell the person who broke the contract that they have to follow through with what they agreed to do. This happens in about 10% of breach cases.
These points show just how important it is to follow the rules of a contract and to agree with both parties before making any changes.