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What is an example of a consequential damage


Commonly, consequential damages include property damage, personal injury, attorneys' fee, lost profits, loss of use, liability of buyer to customers, loss of goodwill, interest on money withheld by customers, and damages related to third party claims.

What is the meaning of consequential damage?

Consequential damages, also called special damages) are a form of remedy that can be claimed by the plaintiff against the defendant for the harm done as a consequence of the defendant's actions.

What is an example of a consequential loss?

Consequential Loss — a loss that arises as a result of direct damage to property—for example, loss of rent. Some types of consequential loss are insurable under standard direct damage or time element coverage forms; others are not.

What are examples of indirect damages?

Examples of indirect damages fall into two categories, incidental and consequential damages. Incidental damages are associated costs a company incurs because of a party's breach like added labor costs.

What are indirect or consequential damages?

Consequential damages are damages that proximately result from a breach of a contract. Consequential damages are also commonly referred to as indirect damages because they arise indirectly from a breach due to various events that flow from a breach.




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