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What Are Consequential Damages in Contract Law? - LegalClarity Consequential damages, sometimes called special or indirect damages, are losses that do not stem directly from the wrongful act itself Instead, they are the secondary results that flow from the initial breach of contract, like the expanding ripples from a stone tossed into a pond
CONSEQUENTIAL DAMAGES - Adams on Contract Drafting In no event shall a party have any liability to another party for any punitive damages, lost profits, diminution of value, consequential damages, special damages, incidental damages, indirect damages, exemplary damages, or other similar unforeseen damages
Direct vs. consequential Lost Profits: - Hogan Lovells consequen-tial damages”—often referred to by courts and practitioners as a con-sequential damages bar The term “consequential damages”, however, lacks a precise definition, and thus, the question whether certain types of damage
Consequential Damages Sample Clauses: 9k Samples | Law Insider A Consequential Damages clause limits or excludes a party’s liability for damages that do not flow directly from a breach but arise as an indirect result, such as lost profits or business interruptions
Lost Profit Damages Must Flow Directly From the Contract’s Subject . . . Under Illinois law, however, lost profit damages, such as those awarded to Endless River, may be either direct or consequential damages Both parties agreed that for damages purposes, lost market opportunities were identical to lost profits
Consequential vs. Direct Damages in Business Contracts These cases illustrate the evolving landscape of damage awards, emphasizing the importance of understanding both direct and consequential damages in contract disputes
Consequential Damages: What They Are and How to Mitigate Them Consequential damages are “indirect expenses” or “expectation damages” connected to the alleged breach and can be significantly disproportionate to your fee or many times the cost of repairing the actual damage