The usual remedy for breach of contract is damages, aiming to put the innocent party in the position it would have been in had the contract been properly performed. In other words, contract damages are designed to compensate for the loss suffered by the claimant in so far as that loss has been caused by the breach of contract. However, it is often extremely difficult in the context of a shareholders’ agreement to quantify the loss caused by any breach. This is particularly true of the situation where the breach complained of consists of a decision
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234