LawContract Lawbasic

Damages

/ˈdæmɪdʒɪz/

Legal Remedy Term

Images

CC-licensed · free to use
More on Wikimedia
Loading images…

Video

Definition

A monetary award by a court to compensate a party for loss suffered due to breach of contract or tort. Types: compensatory (restoring the claimant to their pre-breach position), nominal (where breach is proven but no loss suffered), liquidated (pre-agreed sum in the contract), punitive/exemplary (awarded to punish egregious conduct, rare in contract law), and general vs. special damages. Section 73 of the Indian Contract Act codifies the rules on damages for breach of contract.

Examples

A seller who fails to deliver goods worth Rs. 5 lakh must pay the buyer the difference between the contract price and the market price on the date of breach — compensatory damages.
A contract clause specifying Rs. 1 lakh as damages for late delivery (a liquidated damages clause) is enforceable in India if it is a genuine pre-estimate of loss — but not if it is a penalty.

Case Study

In Fateh Chand v. Balkishan Das (1964), the Supreme Court held that the rule against penalties applies in India under Section 74 of the Contract Act — liquidated damages clauses are enforceable only up to the actual proved loss, and courts can award a reasonable sum not exceeding the stipulated amount. India thus differs from English law, where liquidated damages and penalties are more rigidly distinguished.

Key Cases

Fateh Chand v. Balkishan Das

1964

AIR 1964 SC 538

Section 74 Contract Act applies whether the sum is liquidated damages or a penalty. Courts award a reasonable sum not exceeding the stipulated amount. Distinguished English law approach on penalty clauses.

View on Indian Kanoon →

Also Known As

compensationcivil remedy

Synonyms

compensationmonetary remedytortious compensationcivil remedy

Antonyms / Opposites

no damagesinjunctionspecific performance

Related Terms

Section 73 Contract ActSection 74 Contract Actbreach of contractremotenessliquidated damagespenalty clause

Dictionary Entry

← Back to Law Dictionary