Built Intelligence

An Introduction to Financial Remedies for Breach of Contract (Part 1) General Principles of Damages

An Introduction to Financial Remedies for Breach of Contract (Part 1) General Principles of Damages

Start my subscription at £45/mo

Access hundreds of courses and learning paths like this one for a simple monthly subscription. No obligation, cancel your subscription at any time. Find out more.

The aim of this course is to show why the primary remedy for any breach of contract is an award of damages. It explores the normal mechanisms for claiming general damages for breach, and details how some contracts include provisions for liquidated damages, sometimes called LADs.

After studying this course, you should be able to:-

1. Offer a summary of the key legal principles of general damages, including how damages are awarded, test for remoteness, mitigation and third parties.
2. Explain the differences between employer's damages for the contractor's breach and their damages for consultant's breach, before looking at the contractor's damages for employer's breach.