Contract
-
Breach of Contract: Available Remedies and Compensation
When a contract is broken, the innocent party may seek compensation for legally recoverable loss and, in an appropriate case, specific performance, rescission-related compensation, restitution, an injunction, or another remedy provided by the contract or a special statute. Compensation is intended to address loss caused by the breach, not to provide an arbitrary profit or…
-
What Makes a Contract Legally Valid in Bangladesh?
A contract is legally valid in Bangladesh when legally competent parties freely agree to definite terms for lawful consideration and a lawful purpose, and the agreement is not declared void by law. A document labelled “agreement” is not automatically enforceable. The court examines whether the legal requirements of formation and validity were actually satisfied. Governing…