Performance criteria liquidating damages

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You file suit against the first caterer for breach of contract.If the damage done to the other party is minimal, remedies for breach of contract may include contract rescission or modification.However, if the damage done is extensive and severe, the breaching party may be ordered to pay money to help restore the injured party to where they were before the breach occurred.is an agreement between at least two parties (although there can be more than two parties involved in the agreement).The contract outlines the rules that the parties agree to follow, and may also set forth consequences in the event that one (or both) of the parties fails to live up to the terms of the contract.

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