Contract law uses various remedies to repair the damage caused by a breach of contract.
An award of damages or other remedy tries to put the injured party in the same position he would have been in had the contract been performed. Contract law does not reward the injured party with a profit, but rather tries to make that party whole. Liquidated Damages Punitive Damages Specific Performance Specific performance is an order by the court requiring the party that breached the contract to perform its obligation. The breaching party must do what it agreed to do in the contract. For example, you enter into a written agreement to purchase a person's house at a specific price and on explicit terms.