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Loss of profits: Difference between revisions
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{{ | {{a|contract|{{subtable|{{small|80}}{{loss v damages}}</div>}}}}''Not'' the same thing as [[consequential loss]], though in many cases it is a type of consequential loss. It is possible for a [[loss of profits]] or [[loss of opportunity]] to be a direct loss, although the great case of {{casenote|Hadley|Baxendale}} illustrates that is by no means the ordinary run of things. | ||
But there are obvious cases of losses of profit that are direct losses: Such as, the profit I would make in making and selling you a widget you had agreed to purchase from me, had you not reneged on your obligation to buy it. Which means there are [[:category:schoolboy error|schoolboy error]]s ahoy: | |||
===Not the same as an account for profits=== | |||
{{loss of profits vs account for profits}} | |||
===[[Tricks for young players]]=== | ===[[Tricks for young players]]=== | ||
If you exclude liability for “[[consequential loss]] ''including [[loss of profits]]” that will not immunise you from liability for losses of profits that were [[direct loss]]es. | If you exclude liability for “[[consequential loss]] ''including [[loss of profits]]''” that will not immunise you from liability for losses of profits that were [[direct loss]]es. {{Polypearl Eon headnote}} | ||
{{Polypearl Eon headnote}} | |||
{{sa}} | {{sa}} | ||
*[[Account for profits]] | |||
*{{casenote|Hadley|Baxendale}} | *{{casenote|Hadley|Baxendale}} | ||
*[[Remoteness of damage]] | *[[Remoteness of damage]] | ||
*[[Breach of contract]] | *[[Breach of contract]] | ||