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Account for profit: Difference between revisions
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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 [[breach of contract|breacher of contract]] must do to an innocent [[counterparty]]: there the measure of compensation is the innocent party’s | {{a|contract|}}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 [[breach of contract|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]]. | |||
===Not the same as loss of profits=== | |||
{{Loss of profits vs account for profits}} | |||
{{sa}} | {{sa}} | ||
*[[Loss of profit]] | |||
*[[Copyright vs. confidence]] | *[[Copyright vs. confidence]] | ||
*[[Breach of contract]] | *[[Breach of contract]] | ||
*[[Agency]] | *[[Agency]] | ||