MLchartDataset catalogue

Consequential damages

Term · Law · MLC-T-LAW-001201

Losses that do not flow directly and immediately from an act but arise as a consequence of it, such as lost profits or business interruption. These damages are recoverable in contract or tort law if they were reasonably foreseeable at the time the contract was made or the tort occurred. They are distinct from direct damages, which are the immediate result of the breach or injury.

Table 1. Record
IdentifierMLC-T-LAW-001201
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001201",
  "term": "Consequential damages",
  "field": "Law",
  "definition": "Losses that do not flow directly and immediately from an act but arise as a consequence of it, such as lost profits or business interruption. These damages are recoverable in contract or tort law if they were reasonably foreseeable at the time the contract was made or the tort occurred. They are distinct from direct damages, which are the immediate result of the breach or injury.",
  "url": "https://mlchart.com/terminology/law/consequential-damages/"
}

Record 1,041 of 5,445 in Law terminology (MLC-0107). Request the full dataset.