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Simple English definitions for legal terms

Speculative damages

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A quick definition of Speculative damages:

Speculative damages: When someone sues another person or company, they may ask for money to cover any losses they suffered because of the other person's actions. Sometimes, the person suing asks for money that they might lose in the future, but they're not sure if they will actually lose it. This is called speculative damages. For example, if someone planned a big event and hired a famous singer to perform, but the singer canceled at the last minute, the event planner might sue the singer for the money they lost because of the cancellation. But if the event planner also asked for money they might have made from ticket sales if the event had gone ahead, that would be speculative damages. Courts usually don't give people money for speculative damages because they're not sure if the person would have actually lost that money.

A more thorough explanation:

Definition: Speculative damages refer to financial losses or expenses that a plaintiff claims, but are contingent upon a future occurrence, purely conjectural, or highly improbable. These damages are not generally awarded by courts.

For example, in the case of Chicago Coliseum Club v. Dempsey, the plaintiff, Chicago Coliseum Club, sued Jack Dempsey for breach of contract. The Club had contracted Dempsey to fight a boxing match six months later, but Dempsey informed the Club that he would not fight the match. The Club sought lost profits from possible ticket sales from the match, but the Court denied the claim because there was no way to ascertain what the attendance may have been had the fight occurred.

Another example of speculative damages could be a plaintiff claiming future lost wages due to an injury that may or may not prevent them from working in the future. Since it is uncertain whether the injury will actually prevent the plaintiff from working, the damages claimed are considered speculative.

The examples illustrate that speculative damages are based on uncertain or hypothetical events that may or may not occur in the future. Since courts cannot predict the future, they generally do not award these damages.

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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