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What are consequential damages?

Consequential damages are the further monetary damages incurred by an aggrieved party, which are the reasonably foreseeable result of the breach. Consequential damages might include lost profits resulting from the breach, so long as it is reasonably certain that such profits would have been realized but for the breach; such profits can be measured with reasonable certainty and the lost profits were foreseeable at the time the contract was entered into.

Business  

This information applies to All Counties in North Carolina.

Source: https://hscattorneys.com/business-contracts-faqs/

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