Laws on Specific Performance of Contract
Specific Performance of contract refers to the obligation to perform the contract as per the terms and conditions. In case, a party fails to perform his part of the contract, the aggrieved can approach the court and seek the remedy of specific performance. Under the current Indian Legal System, the courts are inclined towards granting relief of specific performance mainly in cases where compensation in the form of monetary damages would be an inadequate remedy for the aggrieved party. The law relating to specific performance has been comprehensively dealt with under the Specific Relief Act, 1963. However, due to the outdated...
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