Account for profit

From The Jolly Contrarian
(Redirected from Account for profits)
Jump to navigation Jump to search

What an agent must do if it profits (without permission) with its principal’s property; what a thief (or breacher of copyright) must do to its victim with the ill-gotten gains of its misfeasance. Importantly, not what a breacher of contract must do to an innocent counterparty: there the measure of compensation is the innocent party’s loss.

Account for profits is a common-law remedy for misuse of another’s property. It is not a remedy for breach of contract.

See also