Consequential loss: Difference between revisions

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{{a|g|[[File:Dramatic Look Gopher.gif|thumb|center|450px|DID SOMEONE SAY [[Consequential loss|CONSEQUENTIAL LOSS]]??]]}}[[Consequential loss]], sometimes called [[indirect loss]], [[relational economic loss]], is a loss arising from a [[breach of contract]] not caused ''directly'' by the breach, but as a second-order consequence of it: such as the [[opportunity cost]] to the innocent party of having a {{t|contract}} with you which you did not then perform.  
{{a|g|[[File:Dramatic Look Gopher.gif|thumb|center|450px|DID SOMEONE SAY [[Consequential loss|CONSEQUENTIAL LOSS]]??]]}}''Not to be confused with [[punitive damages]] and [[special damages]]''
 
[[Consequential loss]], sometimes called [[indirect loss]], [[relational economic loss]], is a loss arising from a [[breach of contract]] not caused ''directly'' by the breach, but as a second-order consequence of it: such as the [[opportunity cost]] to the innocent party of having a {{t|contract}} with you which you did not then perform.  


It is ''not'' the same as a [[loss of opportunity]] or [[loss of profits]]: these may be direct losses or indirect losses, depending on the contract (see {{casenote|Hadley|Baxendale}}).
It is ''not'' the same as a [[loss of opportunity]] or [[loss of profits]]: these may be direct losses or indirect losses, depending on the contract (see {{casenote|Hadley|Baxendale}}).