Indian Contract Act Section 75 — Party rightfully rescinding contract, entitled to compensation

CHAPTER VI OF THE CONSEQUENCES OF BREACH OF CONTRACT

Commercial / Corporate

Summary

A person who rightfully rescinds a contract is entitled to compensation for any damage they have suffered because the contract was not fulfilled. This means that if you are legally justified in cancelling a contract, you can claim money for the loss you incurred due to the other side's failure to carry out their part of the agreement.

Official Text

A person who rightfully rescinds a contract is entitled to compensation for any damage which he has sustained through the non-fulfilment of the contract. Illustration