Lost Profit Damages

Learn about the definition for this legal term.

What is Lost Profit Damages?

An estimate of the total sum of profits that were lost by the non-breaching party to a contract that has been breached. It is the computation of benefits that would have been made by the non-breaching party if the contract had not been breached.

Further Reading

For more detailed information, see our related Contracts terms:

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now