Contract Law VII: Equitable Remedies
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Contract Law VII: Equitable Remedies
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このコンテンツについて
An SQE overview of equitable remedies in law, which contrast with traditional legal remedies like monetary damages, focusing instead on actions to correct a wrong or prevent future harm. It explains that equitable remedies, such as injunctions and specific performance, are granted at the court’s discretion only when financial compensation is inadequate, and are subject to specific principles like the "Clean Hands" Doctrine and Laches. The text details specific performance as an order to fulfil a contractual obligation, often used for unique items like real estate, and discusses the use of injunctions (both prohibitory and mandatory) to prevent or compel certain actions, citing case law concerning employment contracts. Finally, the source differentiates these remedies from indemnities and guarantees, explaining that an indemnity creates a primary obligation for compensation, whereas a guarantee establishes a secondary obligation contingent upon a debtor's default.