Louisianans who have a contract with another person or entity do so expecting that the parameters of the contract will be adhered to. However, issues can arise for a variety of reasons and there could be accusations of a breach of contract. With this or any other contract dispute, it is important to understand what steps can be taken to deal with the situation. Perhaps litigation will be needed to settle the matter. Or there could be room to negotiate and satisfy the parties. Regardless, having legal advice with a contract problem can be critical.
Once the contract requirements have been breached, to settle the case, certain remedies can be agreed to. In general, there are three remedies if a contract is breached. They are damages; specific performance; and cancellation and restitution. With damages, it means there will be payment of some form for the breach. That can include compensatory, punitive, nominal and liquidated damages.