Legal Definitions - recoverable

Recoverable refers to something that can be legally obtained, reclaimed, or compensated for, often through a court order or a specific legal provision. It signifies that a party has a legal right to receive a particular item, amount, or form of restitution from another party.

Here are some examples illustrating the concept of "recoverable":

• Imagine a software development company that hires a freelancer to create a specific module for a client project. The freelancer fails to deliver the module on time, causing the development company to miss its deadline with the client and incur a penalty fee. The penalty fee that the development company had to pay to its client would likely be considered recoverable from the freelancer. This means the development company could legally seek compensation from the freelancer for that specific financial loss, as it was a direct result of the freelancer's breach of contract.

• Consider an individual who slips and falls on a wet floor in a grocery store that had no warning signs, resulting in a broken arm. The medical bills for treating the broken arm, including emergency room visits, surgery, and physical therapy, along with any wages lost from being unable to work, would generally be considered recoverabledamages. This implies that the injured individual has a legal right to seek compensation from the grocery store for these specific expenses and losses, provided the store's negligence can be proven.

• Suppose a homeowner's antique vase is accidentally shattered by a professional mover during a relocation. The fair market value of the antique vase, or the cost to replace it with a similar item, would be recoverable from the moving company. This means the homeowner has a legal claim to be compensated by the moving company for the specific value of the damaged item, as the damage occurred due to the mover's actions or negligence.