Legal remedies to parties in contract law
Breach of contract by any party in law is often brought to court by the aggrieved party with a claim to seek remedy through different forms (Howe, 2004). In this case, Pat is the aggrieved party having been told by Big Industry that the contract was nonexistent. Therefore, Pat is liable for diverse remedies from the court. Firstly, Pat can seek compensation for damages from Big Industry. It is evident that as soon as he signed the contract with Big Industry, Pat declined other lucrative offers from other companies. By terminating the contract, Big Industry was causing Pat serious financial losses. Therefore, Big Industry should be compelled to compensate Pat for the financial loss. In Hadley v. Baxendale (1849), it was evident that damages arising naturally from the breach of contract are recoverable. Pat can also request for specific performance on the part of Big Industry. On its part, Big Industry too has claims for remedies on the contract. Firstly, the company may request for rescission and restitution of the contract. This would terminate the initial contract and bring the parties back to the position occupied before the contract (Miller & Jentz, 2010). Indeed, Big Industry would argue that there was a mistake in the formulation of the contract as Pat had not contemplated the extent of work required of him. The above remedies would be considered by the court in determining the outcome of the case.