reliance interest

Definition of "reliance interest"
  1. 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
How to use "reliance interest" in a sentence
  1. Although the contract was breached, the reliance interest of the party allowed them to seek compensation.
  2. They were able to recoup their losses due to their reliance interest in the business agreement.
  3. Due to the reliance interest in the contract, the expenses arising from the contract breach were recovered.

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