What is the legal consequence of a breach of contract in Ohio?

In Ohio, when a contract is breached, the non-breaching party typically has the right to seek remedies, which can include damages or specific performance. Damages are a monetary compensation intended to place the non-breaching party in a position they would have been in had the breach not occurred. This can include compensation for lost profits, expenses incurred, and any other losses directly related to the breach.

Specific performance is an equitable remedy where the court may order the breaching party to fulfill their contractual obligations, particularly when monetary damages would not suffice, such as in contracts for unique goods or real estate transactions. This remedy underscores the principle that in certain situations, simply receiving money for losses is not an adequate remedy; the non-breaching party is entitled to receive the benefit of the bargain they made.

The other options do not accurately reflect the legal framework regarding contract breaches in Ohio. A minor breach does not typically lead to ignoring the breach; rather, it may allow for certain remedies but does not negate the breach itself. Contracts do not automatically become void upon breach; they remain in effect unless repudiated or terminated. Additionally, there is no legal provision in Ohio suggesting that a breaching party merely pays a fine to the state, as breaches are