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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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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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