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Albert Corporate Searchware is a type of search engine that companies use at their websites to handle customer questions. The company is trying to determine what promotional strategy should be employed with its flagship product. It has determined that search engine software is in the growth stage. Which of the following options
Should it employ?
Breach of Contract
The violation of any of the agreed-upon terms and conditions of a binding contract without a legitimate legal excuse.
Consequential Damages
In a contract, foreseeable damages that result from special facts and circumstances arising outside the contract itself. The damages must be within the contemplation of the parties at the time the breach occurs. Also called special damages.
Nominal Damages
Monetary damages awarded to a plaintiff in a very small amount, typically $1 to $5, to signify that the plaintiff has been wronged by the defendant even though the plaintiff suffered no compensable harm.
Reformation
A legal process to correct or modify a contract or document to accurately reflect the intended terms of the parties involved.
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