expectation damages

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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 updated in October of 2022 by the Wex Definitions Team]