Damages (Contract)

Monetary compensation for loss caused by breach. Ordinary, special, liquidated, nominal. Hadley v. Baxendale (1854).

Type: noun Branch: Contract Level: Intermediate Jurisdiction: Global

Pronunciation: 🇺🇸 US/ˈdæmɪʤɪz ˈkɑntrækt/ 🇬🇧 UK/ˈdæmɪʤɪz ˈkɒntrækt/

Definition

Monetary compensation for loss caused by breach. Ordinary, special, liquidated, nominal. Hadley v. Baxendale (1854).

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