Remedies for breach of contract

Petitioner

1. Compensatory damages
2. Punitive damages
3. Nominal damages 
4. Cancellation and Restitution
5. Section 73(1)
6. Explanation to Section 73
7. The third rule is to be found in the Explanation to Section 73, which provides as follows:

“In estimating the loss or damage arising from a breach or contract, the means which existed
of remedying the inconvenience caused by the non-performance of the contract must be taken into
account.”

8. Quantum Meruit

The concept of Quantum Meruit can be understood from an example. A and B have made a contract,
and A has already performed a part of the contract. After that B prevents him from performing the
rest of his obligation. In this case,  A can recover from B reasonable remuneration for whatever he
has already done.

8. Recession of Contract(section 65)

When one of the parties to a contract does not fulfil his obligations, then the other party can
rescind the contract and refuse the performance of his obligations.

As per section 65 of the Indian Contract Act, the party that rescinds the contract must
restore any benefits he got under the said agreement. And section 75 states that the party
that rescinds the contract is entitled to receive damages and/or compensation for such a
recession.
9. BREACH OF RESEMBLING CONTRACT
10. MITIGATION OF LOSSES
11. Section 75