Damages The term damage refers to a sum of money awarded as compensation for damages caused by a breach of contract. The nature of the infringement determines the amount of damages to be awarded. Specific Service The specific service is an appropriate remedy by which a party is required to perform a promised service to the extent possible if the financial damage would not be sufficient to compensate for the breach. A land sale contract is explicitly enforceable because the land is considered unique and cannot be offset by money. In addition, properties that have sentimental value, as well as antiques, heritage or unique objects, are considered unique, and therefore it would be impossible to estimate the damage. However, a personal service contract or employment contract cannot be explicitly enforced because the THIRTEENTH Amendment to the United States Constitution prohibits slavery. However, if the contract prohibits a person from bringing an action, the breach of this negative agreement may be expressly enforced. However, there is another twist to this exception in terms of the doctrine of full performance. The exception of full performance for an oral agreement only applies “if the agreement can be completed within one year and has actually been completed within one year”. LaRue v.

Kalex Constr. and Dev., Inc., No. 3D11-2368, 2012 WL 3587263, at 2 (Fla 3d DCA 2012). In other words, the Law on Defence against Fraud always applies to any contract that cannot be performed within one year. § 725.01, Florida Stat. (2012). If a party has fully complied with its obligations but has done so under an oral agreement that took more than a year to complete, the party in difficulty may still invoke the Fraud Act as a defence to circumvent its obligation under that oral agreement. LaRue, n° 3D11-2368, 2012 WL 3587263 to 4. In summary, an oral personal services agreement is only enforceable if the non-offending party fully fulfills its obligation within one year.

The Fraud Statute is a Florida law doctrine that governs the applicability of contracts. Doctrine requires that certain contracts be written in order to be enforceable. Specifically, the following agreements must be set out in a written contract and signed by the parties to be a valid and enforceable contract in the State of Florida: contracts that involve the sale of goods valued at more than $500; promises made in the face of marriage; contracts which cannot be performed within one year; contracts for the sale or transfer of a share of land; a promise by one party to act as guarantor (i.e., as a personal guarantor) of another party`s debts; and a promise by the executor to personally repay the debts of the estate. § 725.01, Florida Stat. (2012). An exception to the general rule is that performance may be reduced in some cases. These examples include: Any service that is not complete or essential is a significant harm. This means that the performance is lower than what is reasonably acceptable. The party to the material breach cannot sue the other party for performance and is liable for damages caused to the other party for the breach. What happens if an oral contract is valid for more than a year as well as for real estate? Recently, on December 9, 2014, the Nebraska Supreme Court ruled on Clouds, Neb.App 22. 587 (2014). If both parties agree to terminate a contract, it is said that the contract has been terminated by mutual agreement.

For example, if a consumer buys an item and finds it unsatisfactory, they will return it within the agreed return period. This would mean that the contract was resolved amicably. In contract law, there must be a consideration of the fact that the contract is enforceable. In some contracts, this means that one party promises something in exchange for a performance of a second part. The performance of this service fulfills the contractual obligations of the third party. For example, one party may promise to pay $100 to another party if a second party cancels their home. Painting the house is the performance required by the second part, and this would complement their role in the contract. It is usually not necessary for the finished performance to be perfect; Instead, the standard that must be met is an essential achievement. A contract can be performed by performance, which terminates the contract. If a party offers to provide services, that offer is called a call for tenders. If one party fulfills the terms and obligations of the contract and the other party does not, or if one party does not agree, the contract may be performed by performance.

If the offer is an offer to pay for a contract, the offer must be considered legal tender, such as a cash payment, a check or a bank transfer. The performance of a contract releases a person from other obligations arising from the contract. There are three levels of performance: Full Performance, Critical Performance, and Violation. Withdrawal Termination terminates the contract and the parties are again put in a position not to have concluded the contract at all. Damages, Reform, DISSOLUTION, Reimbursement and SPECIFIC EXECUTION are the basic remedies available in the event of breach of contract. A claimant contractor who later performs the work in the event of a breach of contract will usually claim the reasonable value of the work and materials it has provided, using the contract price as a reference point. .