“Consequences of Breaking a Contract in Florida”

1. Florida law recognizes both express and implied contracts.
2. When a party breaches a contract, the non-breaching party has the right to sue for damages.
3. Damages can be compensatory or punitive in nature.
4. Compensatory damages include direct, consequential, liquidated, and incidental damages.
5. To recover damages, the non-breaching party must prove that the damages were a direct result of the breach of contract and show that they took reasonable steps to mitigate their damages.
6. Punitive damages are not typically awarded in breach of contract cases in Florida, but may be awarded in cases of willful, malicious, or fraudulent breach of contract. – Florida law limits punitive damages in breach of contract cases to three times the amount of compensatory damages or $500,000, whichever is greater.
– The non-breaching party is required to take reasonable steps to mitigate their damages.
– The purpose of contract damages in Florida is to put the non-breaching party in the same position they would have been if the contract had been performed as agreed.
– Breach of contract damages in Florida can be complex and may depend on the specific terms of the contract and the circumstances of the breach.
– It is important to seek the advice of a knowledgeable attorney to guide you through the process and protect your rights in breach of contract cases in Florida.

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