Types of Damages - By Nidhi Baglikar

Damages are the most common legal remedy for a breach of contract. Damages are of many types including compensatory, punitive, nominal, and specific. In simple words, the term “damages” denotes the sum of money paid by the defaulter to the aggrieved party for the loss or injury suffered by them. The amount and type of damages to given is fixed by the Court. The damages awarded to the aggrieved party must be per the loss or injury suffered by the party. It must be in such a proportion that it puts the aggrieved party in the same position as they would have been in if the obligations were fulfilled.

There are 5 types of damages available on breach of contract
General
Special
Examplary
Liquidated
Nominal

Video link on remedies for breach of contract
part 1 -    • Remedies for Breach of Contract - Par...  
part 2 -    • Remedies for Breach of Contract (Part...  

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