What legal remedy may involve ordering a party to perform their contractual obligations?

Specific performance is a legal remedy that compels a party to fulfill the terms of a contract. This type of remedy is particularly relevant in situations where monetary damages would not adequately compensate the aggrieved party for a breach of contract. For example, in cases involving unique goods, real estate, or where the subject matter of the contract is considered irreplaceable, the court may order specific performance to ensure the party completes their contractual duties.

In contrast, monetary damages focus on providing financial compensation and may not necessarily lead to the completion of the contract. An injunction refers to a court order that requires a party to do or refrain from doing a specific action, which is different from compelling performance of a contract. Compensatory damages are designed to cover the actual losses incurred from a breach but do not force a party to comply with their contract terms. Thus, specific performance is the most fitting legal remedy when the goal is to ensure contractual obligations are honored.