Contract Damages
/ˈkɒntrækt ˈdæmɪdʒɪz/
Definitions
- (n.) Monetary compensation awarded for loss or injury caused by breach of a contract.
The plaintiff sought contract damages for the seller's failure to deliver the goods on time.
- (n.) Amounts intended to put the injured party in the position they would have been in had the contract been fully performed.
Contract damages aim to compensate the aggrieved party rather than punish the breaching party.
Forms
- contract damages
- contract damage
Related terms
See also
Commentary
Contract damages typically exclude punitive damages and focus on compensatory relief; precise calculation depends on the contract terms and the nature of the breach.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.