2023년 1월 31일 화요일

What is cost of cure for contract damage under English law?

Cost of cure is a term used in English contract law to refer to the expenses incurred by a party to remedy a breach of contract by the other party. It is the cost of putting right a failure to perform a contractual obligation, for example, repairing defective goods. In some cases, the cost of cure may be recoverable from the party that committed the breach, as compensation for the losses suffered as a result of the breach. The recovery of the cost of cure will depend on the specific terms of the contract and the circumstances of each case.

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