What is indirect and consequential loss?
Indirect or consequential loss (second limb) is a loss which arises from particular and unusual circumstances that the parties knew or should have known about at the time the contract was entered in to, and do not flow naturally from the breach.
What are examples of indirect losses?
Indirect Loss Insurance Example\n\n If a tornado destroys the roof of a store, not only are there rebuilding costs, but the business cannot operate until the damage is fixed. Income lost during the rebuilding -- and after it, if customers stick with the alternatives they find in the meantime -- represents an indirect loss.
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 is another name for an indirect loss?
Consequential loss (also known as indirect loss) arises from a special circumstance of the case, not in the usual course of things.
[PDF] Indirect and Consequential Loss - FIDIC
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[PDF] Just what is “indirect or consequential loss”? - 'classic' AustLII
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[PDF] Indirect loss – a discussion note - Anderson Law LLP
Indirect loss – a discussion note - Anderson Law LLP www andlaw eu/downloads/Indirect_Loss pdf Limitation clauses typically exclude the supplier's liability for indirect loss arising from breach of contract It is so common that it is often not
[PDF] Loss Of Profits Consequential Losses And The Exclusion Clause
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[PDF] INDIRECT AND CONSEQUENTIAL LOSS CLAUSES UND ER
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[PDF] Direct and consequential losses - A single International approach
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[PDF] exclusion-indirect-loss-2-entertain-video-ltd-v-sony-dadc-europe-ltd
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[PDF] Exemption Clauses for Consequential Loss considered under
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[PDF] So What In Law Are Consequential Losses? Corbett & Co
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[PDF] Les clauses d'exonération de responsabilité : stratégies de traduction
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[PDF] CONSEQUENTIAL LOSSES TIPTOEING THROUGH THE MINEFIELD
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