{"id":6923,"date":"2017-11-06T15:45:17","date_gmt":"2017-11-06T15:45:17","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=6923"},"modified":"2017-12-16T02:49:26","modified_gmt":"2017-12-16T02:49:26","slug":"damage-assessment-breach-of-contract-or-business-agreement","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=6923","title":{"rendered":"Types of Contract Damages – remedies available for breach of contract:"},"content":{"rendered":"

contract damages<\/span>:<\/strong><\/span><\/p>\n

1. Remedies available for a breach of contract.\u00a0 <\/span><\/strong>See\u00a0<\/span>compensatory damages<\/span><\/em><\/strong><\/span>;<\/span> consequential damages<\/span><\/em><\/strong><\/span>; <\/span>liquidated damages<\/span><\/em><\/strong><\/span>;<\/span> punitive damages<\/strong><\/span>. <\/span><\/em>[1]<\/span>
\n<\/em><\/strong><\/p>\n

expectation damages<\/a><\/span> – compensation awarded for the loss of what a person reasonably anticipated from a transaction that was not completed. \u00a0<\/strong>\u2014 aka\u00a0expectancy damages<\/span><\/em><\/strong>;<\/em>\u00a0 lost-expectation damages<\/span><\/em><\/strong>;<\/em>\u00a0 <\/em>damages for lost expectations<\/em><\/span><\/strong>.<\/em>
\n<\/strong><\/span><\/p>\n

foreseeable damages<\/span><\/a> – damages a breaching party knew or should have known when the contract was made would likely result from a breach.<\/span><\/strong><\/p>\n

liquidated damages<\/a><\/span> – an amount contractually stipulated as a reasonable estimation of actual damages<\/a> to be recovered by one party if the other party breaches. <\/strong>\u2014 aka stipulated damages<\/em><\/strong><\/span>; estimated damages<\/em><\/strong><\/span>.<\/span><\/p>\n

reliance damages<\/a><\/span> – damages awarded for losses incurred by the plaintiff in reliance on the contract, to restore the plaintiff to the economic condition the plaintiff enjoyed before the contract was formed; violation of trust or confidence that was depended on, acitonable as fraud, deceit, and\/or a granting of promissory estoppel.<\/strong><\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>\u00a0<\/span><\/strong>by<\/b><\/span><\/strong> Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4<\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em>
\n<\/span><\/a><\/em>Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>Legal<\/b><\/span><\/a><\/em> Assistant<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>\u00a0<\/span><\/em>by<\/b><\/span><\/strong> Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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Back to Various Types of Damages<\/a><\/span><\/span><\/strong><\/p>\n

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