Contractual Damages
/ˌkɒn.træk.tʃu.əl ˈdæm.ɪdʒ.ɪz/
Definitions
- (n.) Monetary compensation awarded for breach of a contract to cover losses resulting from the breach.
The plaintiff sought contractual damages for the supplier's failure to deliver goods on time.
- (n.) Damages stipulated within a contract as payable upon breach, often known as liquidated damages.
The contract included a clause specifying contractual damages in case of delay.
Forms
- contractual damages
Related terms
See also
Commentary
Usage often distinguishes between actual losses recoverable as contractual damages and agreed-upon sums in liquidated damages clauses.
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.