Section 73Compensation for Breach of Contract
73
73
Compensation for Breach of Contract
Indian Contract Act
Of the Law of Contract
⚖️
Reviewed by Adv. Shailendra Babbar, Seasoned Advocate · Practicing since 31 years
📅 Updated 2026-03-31📚 Source: The Gazette of India
🗣️ Simple Explanation

If someone breaks a contract, the person who suffers can get money to cover their losses. This money should cover the direct losses that happened because of the broken contract. You can't get money for losses that were not directly caused by the broken contract.

💡 Real Life Example

A hires B to deliver goods, but B fails. A can claim compensation for the loss of profit he would have made from selling those goods. A cannot claim for a loss of reputation.

🛡️ KNOW YOUR RIGHTS
  • You have the right to claim compensation if someone breaks a contract with you.
  • You can claim for losses that directly result from the breach of contract.
Sources & References

📒 Legal text sourced from The Gazette of India & AdvocateKhoj Bare Acts Library

⚖️ Content reviewed by Adv. Shailendra Babbar, Seasoned Advocate, with 31 years of legal practice

📚 Act Reference: Indian Contract Act

Disclaimer: This content is for informational purposes only and does not constitute legal advice. Consult a qualified advocate for specific legal matters.

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