Lost Profits
/ˈlɒst ˈprɒfɪts/
Definitions
- (n.) Damages awarded for profits a party would have earned but for the breach of contract or wrongful act.
The plaintiff claimed lost profits resulting from the defendant's failure to deliver the goods on time.
Forms
- lost profits
Related terms
See also
Commentary
Lost profits damages require proof of reasonable certainty and causation; courts often scrutinize calculations carefully.
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.