What is a 'Claim for Damages' in contract law?

A 'Claim for Damages' in contract law refers to the compensation sought by a party for losses suffered due to another party's breach of contract. When one party fails to fulfill their contractual obligations, the non-breaching party is entitled to seek damages to compensate for the financial losses incurred as a result of that breach. This form of claim is foundational in contract law, as it aims to restore the injured party to the position they would have been in had the contract been performed as agreed.

In contrast, other options involve different legal concepts. A request to change contractual obligations refers to a modification of the contract rather than a claim for losses, which is not what a 'Claim for Damages' entails. A petition for contract renewal relates to the extension or continuation of a contractual agreement, which is another area of contract law but distinct from claiming damages. Lastly, a claim for additional benefits may indicate a request for extras under a contract rather than compensation for losses due to a breach. Therefore, the essence of a 'Claim for Damages' specifically revolves around seeking compensation for loss, making it the accurate definition in this context.