When parties enter into a contract, sometimes one party to a contract fails to live up to their responsibilities. If you are a party to a contract and the other party violates the terms, you may be able to seek damages (financial compensation for losses you suffered as a result of a breach) or specific performance. Specific performance is an order of the court requiring the other party to perform as required under the contract. Specific performance is generally granted in situations where financial compensation will not fully or adequately compensate the harmed party.