In Law Consequential Damages?

Consequential damages, otherwise known as special damages, are damages that can be proven to have occurred because of the failure of one party to meet a contractual obligation, a breach of contract. ... For example, consequential damages are a potential type of expectation damages which arise in contract law.

What is an example of consequential damages?

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 are actual damages vs consequential damages?

In general terms, direct damages immediately stem from the contractual breach, while consequential damages are still related to the breach but without a direct correlation. Consequential damages often entail a deeper knowledge of a contract and its terms.