Remedies for Breach of Contract under the Laws of Bangladesh with Special Reference to the Contract Act, 1872.
Remedies for Breach of Contract under the Laws of Bangladesh with Special Reference to the Contract Act, 1872 Introduction The laws relating to contracts in Bangladesh are dealt with under the Contract Act, 1872, and the remedies available in case of a breach. A contract is breached when one of the parties to the contract does not fulfill his or her promises according to the agreement. There are different remedies provided under the Contract Act, 1872 in the event of breach of contract. Such remedies are intended to make the party who is complaining that the contract was breached whole and put that party in the position it would have been in had the contract been performed. Kinds of Damages for Breach of Contract Relief (Monetary Remedy) Compensatory Damages The most typical remedy for breach of contract is compensatory damages. These are designed to make good the damage sustained by the non-breaching party as a result of that breach. Section 73 states that damages ou...