In the event of a breach of contract, what might be a consequence specified in the purchase agreement?

When a breach of contract occurs, one of the primary consequences often specified in a purchase agreement is the right for the parties to seek damages in court. This is grounded in the legal principle that parties to a contract are entitled to compensation for losses suffered due to another party's failure to fulfill their contractual obligations.

Seeking damages can encompass various forms of compensation, including direct monetary losses and consequential damages that may arise from the breach. By allowing parties to pursue legal remedies, the contract helps ensure accountability and encourages the fulfillment of contractual duties. This consequence focuses on protecting the rights of the aggrieved party and providing a means for remediation when a contract is not honored as agreed.

The other options may relate to the broader consequences of breach but do not encapsulate the primary legal remedy for breaches as comprehensively as the ability to seek damages.