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LSDefine

Simple English definitions for legal terms

lost profits

Read a random definition: CID

A quick definition of lost profits:

Lost profits refer to the money a seller would have made if a buyer had not broken a contract. This is a way for the seller to be compensated for the profits they would have earned if the sale had gone through as planned.

A more thorough explanation:

Definition: Lost profits refer to the amount of money that a seller would have earned if a buyer had not breached a contract. It is a measure of damages that allows the seller to collect the profits that would have been made on the sale.

Example: Let's say that a company enters into a contract to sell 100 units of a product to another company for $10,000. However, the buyer breaches the contract and fails to purchase the products. The seller can claim lost profits, which would be the amount of money they would have earned if the sale had gone through. In this case, the lost profits would be $10,000.

Another example: A restaurant owner enters into a contract with a catering company to provide food for a large event. The catering company cancels the contract at the last minute, causing the restaurant owner to lose out on potential profits from the event. The lost profits in this case would be the amount of money the restaurant owner would have earned from catering the event.

The examples illustrate how lost profits are calculated and why they are important in contract law. They allow the injured party to recover the amount of money they would have earned if the contract had been fulfilled.

lost or not lost | lost-sales-of-unpatented-items theory

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Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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
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