What are the equitable remedies available if monetary compensation is insufficient?

What are the equitable remedies available if monetary compensation is insufficient?

Expert Solution

Equitable remedies for breach of contract are available when legal remedies are insufficient .

The following equitable remedies are available when Economic compensation is insufficient-------:* Specific performance---. It is a judicial order directing a person to deliver to the buyer ,the unique thing the seller contracted to sell to him..It is such a judicial order to the promisor that he undertakes the performance to which he obliged himself in the contract.

*Injunction----- It is an order directing a person to stop doing that which he should not do.

For example --- If an employer has a valid non- compete contract with an employee and the employee in breach of that contract ,undertakes to compete with his former employer, the court may issue him an order of injunction that is an order to non compete with former employer

*Restitution---- It is restoring to one party of what he gave to the other.,that is , the return by one party of the benefit conferred on him when the contract is not performed to the extent necessary to avoid imposing a penalty on the breaching party.

Rahul Sunny answered 2 years ago

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