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  2. Diminution in value - Wikipedia

    en.wikipedia.org/wiki/Diminution_in_value

    Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...

  3. Expectation damages - Wikipedia

    en.wikipedia.org/wiki/Expectation_damages

    Expectation damages are damages recoverable from a breach of contract by the non-breaching party. An award of expectation damages protects the injured party's interest in realising the value of the expectancy that was created by the promise of the other party.

  4. Reliance damages - Wikipedia

    en.wikipedia.org/wiki/Reliance_damages

    Reliance damages is the measure of compensation given to a person who suffered an economic harm for acting in reliance on a party who failed to fulfill their obligation. [1] If the injured party could go back in time, they should be indifferent to entering into the contract that would be breached and receiving the reliance damages as opposed to ...

  5. Legal remedy - Wikipedia

    en.wikipedia.org/wiki/Legal_remedy

    Compensatory damages In cases where the claimant has suffered ascertainable costs, it is easy to determine the amount of compensatory damages. In other cases where the liability results from the defendant failing to perform a service, it is necessary to calculate compensatory damages by inquiring how much it would cost for a third party to ...

  6. Measure of damages under English law - Wikipedia

    en.wikipedia.org/wiki/Measure_of_damages_under...

    Other than pecuniary damages, which is the most common type of damages recovered, there are a few other recognizable types of damages under English law, and still others that have their validity subject to ongoing debate: Injured feelings and disappointment; Injured reputation; Speculative damages; Liquidated damages and penalty; Quantum meruit [4]

  7. Liquidated damages - Wikipedia

    en.wikipedia.org/wiki/Liquidated_damages

    Liquidated damages, also referred to as liquidated and ascertained damages (LADs), [1] are damages whose amount the parties designate during the formation of a contract [2] for the injured party to collect as compensation upon a specific breach (e.g., late performance). [3] This is most applicable where the damages are intangible.

  8. The NFL’s compensatory pick formula for free agent signings ...

    www.aol.com/nfl-compensatory-pick-formula-free...

    Veterans who sign with teams prior to 4 p.m. on Monday, May 3rd still count against the compensatory draft pick formulation. That negative stigma and impact goes away once the clock strikes four ...

  9. Damages - Wikipedia

    en.wikipedia.org/wiki/Damages

    To be recognized at law, the loss must involve damage to property, or mental or physical injury; pure economic loss is rarely recognized for the award of damages. [2] Compensatory damages are further categorized into special damages, which are economic losses such as loss of earnings, property damage and medical expenses, and general damages ...