expectation damages
- This refers to the compensation given due to a contract breach which is projected to provide the wronged party with the same financial state they would have enjoyed if the agreement had been successfully fulfilled. This is sometimes known as expectancy damages
- In court, the judge requested the defendant to pay expectation damages that would cover the client's losses due to the unfulfilled contract.
- The business sued for expectation damages after the vendor failed to deliver the required materials, causing a loss in their expected profits.
- Expectation damages were awarded to the plaintiff to compensate for the economic position they would have been in if the contract hadn't been breached.
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