loss of bargain rule

Definition of "loss of bargain rule"
  1. 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
How to use "loss of bargain rule" in a sentence
  1. Under the loss of bargain rule, the damages awarded enabled the business to recover their anticipated profits.
  2. The loss of bargain rule was applied and the startup was compensated for the potential growth missed due to the contract breach.
  3. The judge applied the loss of bargain rule to determine the settlement for the unfairly dismissed employee.

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