Lost Profits Damages – a measure of damages that allows a seller to collect the profits that would have been made on the sale if the buyer had not breached a contract or commit a tort

lost profits damages:
(1852)

1. Contracts. A measure of damages that allows a seller to collect the profits that would have been made on the sale if the buyer had not breached.  UCC § 2-708(2). — aka lost profits. [1]

1. In contract actions, the profit which the nondefaulting promisee expected to make from the breached contract, or the profit which he expected to make from the collateral transactions based upon the promised performance.  In tort action, the expected gains from transactions which the injured party expected to complete had it not been for the tort22 Am J2d Damg § 171. [2]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

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