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Simple English definitions for legal terms

expectation damages

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A quick definition of expectation damages:

Expectation damages are a type of compensation that a person can receive if someone breaks a contract. The goal of expectation damages is to make the person who was not at fault feel like they got what they were promised in the contract. This means that they should get back what they gave, plus any extra costs that came up because of the broken contract.

A more thorough explanation:

Expectation damages are a type of compensation that can be awarded to the non-breaching party in a contract dispute. The goal of expectation damages is to put the non-breaching party in the same position they would have been in if the breaching party had fulfilled their contractual obligations.

For example, let's say that a homeowner hires a contractor to build a new deck on their house. The contract specifies that the deck will be completed within three months and will cost $10,000. However, the contractor fails to complete the deck on time and the final cost ends up being $12,000. In this case, the homeowner could seek expectation damages to recover the $2,000 difference between what was promised and what was delivered, as well as any additional costs incurred as a result of the breach.

Another example of expectation damages might be a situation where a business hires a consultant to provide advice on a new product launch. The contract specifies that the consultant will deliver a detailed report within two weeks, but the report is not delivered until four weeks later. As a result, the business incurs additional costs and loses potential revenue. In this case, the business could seek expectation damages to recover the costs and lost revenue that resulted from the breach of contract.

Overall, expectation damages are an important tool for ensuring that contracts are fulfilled as promised and that parties are held accountable for any breaches of contract that occur.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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