Remedies refer to the legal means by which a party can enforce a right or seek compensation for a violation of their rights. They are crucial in addressing breaches of agreements and ensuring that justice is served, particularly when one party fails to uphold their end of a contract or when creditors seek to recover debts. Remedies can take various forms, including monetary compensation, specific performance, or injunctive relief, each tailored to the specifics of the situation at hand.
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