Consequential loss: Difference between revisions

no edit summary
No edit summary
No edit summary
Line 1: Line 1:
{{a|g|[[File:Dramatic Look Gopher.gif|thumb|center|450px|DID SOMEONE SAY [[Consequential loss|CONSEQUENTIAL LOSS]]??]]}}''Not to be confused with [[contractual damages]], and in particular [[punitive damages]] and [[special damages]]''
{{a|g|[[File:Dramatic Look Gopher.gif|thumb|center|450px|DID SOMEONE SAY [[Consequential loss|CONSEQUENTIAL LOSS]]??]]}}''Not to be confused with [[direct loss]]''
 
{{loss v 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.  
[[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.