reliance interest
- It refers to the stake of an individual or party in a contract that has been violated, desiring to be reimbursed for any losses or expenses arising from depending on the contract
- Although the contract was breached, the reliance interest of the party allowed them to seek compensation.
- They were able to recoup their losses due to their reliance interest in the business agreement.
- Due to the reliance interest in the contract, the expenses arising from the contract breach were recovered.
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