Legal remedies are solutions provided by the law to address a violation of rights or a breach of contract. They aim to restore the injured party to their original position or compensate them for their losses. Common types of legal remedies include monetary damages, injunctions, and specific performance. Monetary damages involve financial compensation for losses suffered, while injunctions are court orders that require a party to do or refrain from doing a specific action. Specific performance mandates a party to fulfill their contractual obligations. These remedies help ensure justice and accountability in legal disputes.