loss of bargain rule
- A principle stating that damages awarded in a contract breach case should be enough to place the aggrieved party in the position they would've been in had the contract been fully executed
- Under the loss of bargain rule, the damages awarded enabled the business to recover their anticipated profits.
- The loss of bargain rule was applied and the startup was compensated for the potential growth missed due to the contract breach.
- The judge applied the loss of bargain rule to determine the settlement for the unfairly dismissed employee.