expectation damages

Expectation damages are damages that can be recovered from a contract breach by the non-breaching party . It intends to put the non-breaching party in as good of a position as if the breaching party fully performed their contractual duties . As for the calculation, in brief, expectation damages are the difference between what was given and what was promised, along with consequential and incidental costs.

[Last reviewed in October of 2022 by the Wex Definitions Team ]

Keywords

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