posted a year ago
A breach of contract can result in several penalties, depending on the breach's severity and the contract's terms. The most common penalties are damages, monetary compensation paid to the party harmed by the breach, and specific performance, an order from the court compelling the breaching party to fulfill its obligations under the contract.
Other potential penalties include rescission (the termination of the contract), restitution (requiring the breaching party to return any benefits it received under the contract), and attorneys' fees. In some cases, a party may also be held liable for punitive damages intended to punish bad behavior and deter future breaches.