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Days from the Due Date Shall Be Deemed a Material Breach of This Contract Form

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Days from the Due Date Shall Be Deemed a Material Breach of This Contract Form

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okay what happens when a party fails to perform their obligations under the contract and a breach arises so they fail to perform their material obligations and it results in a breach well what happens well generally a u the parties will negotiate to uh work out the situation this happens more often than not okay to re remedy the situation between themselves if not they may resort to official channels such as Med ation arbitration um or uh going to court now if you follow that last path and and you go to court and you litigate the matter and one party is found liable for breach well that generally gives rise to damages okay um but the uh court is not limited to specifically awarding damages they have other authority too but let's talk about damages first so what are what's the possibility for damages that a court can award well first they can award compensatory damages uh these are damages to compensate the party for their loss now there can be actual damages or those ar

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