What Is the Difference between 'Damages' and 'Restitution' in Contract Remedies? ▴ Learn

What Is the Difference between ‘Damages’ and ‘Restitution’ in Contract Remedies?

Damages are a monetary award intended to compensate the injured party for the loss suffered due to the breach of contract. Restitution, on the other hand, is a remedy intended to restore the injured party to the position they were in before the contract was made, often by forcing the return of money or property that was transferred.

Damages compensate for loss; restitution reverses the transaction.

How Does a Token’s Pre-Sale Structure Affect Its Howey Test Analysis?

How Does ‘Settlement Risk’ Manifest in a Two-Party Crypto Derivatives Trade?

How Do State Channels Handle Disputes If Participants Disagree on the State of an Off-Chain Derivative Contract?

How Does a Reduction in the Hash Rate Post-Halving Affect Network Security?