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What is consequential damages?
What is the difference between direct and consequential damages?
What are consequential damages after a breach of contract?
What is the difference between special and consequential damages?
Jun 2, 2017 · Learn what consequential damages are, how they differ from direct damages, and how they are awarded in contract law. Find out the meaning, origin, and examples of consequential damages, and how they can be limited by a clause in a contract.
Consequential damages are a form of remedy for the harm done as a consequence of the defendant's actions. They do not necessarily arise from the direct wrongful action of the defendant, but result naturally from the act, as defined in the case of Haynes & Boone v. Bowser Bouldin.
Consequential damages, otherwise known as special damages, are damages that can be proven to have occurred because of the failure of one party to meet a contractual obligation, a breach of contract. From a legal standpoint, an enforceable contract is present when it is: expressed by a valid offer and acceptance, has adequate consideration ...
Feb 1, 2023 · The definition of consequential damages, also known as "special damages," refers to damages from an indirect result of an event or incident. 3 min read updated on February 01, 2023. An Explanation of Consequential Damages.
Feb 1, 2023 · Consequential damages are indirect and unforeseeable losses caused by a breach of contract. Learn how to distinguish them from direct damages, and how to protect yourself with a Limitation of Liability clause.
Nov 3, 2016 · A federal court in Pennsylvania explains the difference between direct and consequential damages in a construction contract dispute. Direct damages are the costs of replacing the breaching party's performance, while consequential damages are collateral losses beyond the contract scope.
On the other hand, “special” or “consequential” damages “seek to compensate a plaintiff for additional losses (other than the value of the promised performance) that are incurred as a result of the defendant’s breach. The type of consequential damages most often sought is lost operating profits of a business.” . . .
