What are the damages for breach of contract?
An example of an AI chatbot conversation about breach of contract damages.
What are the damages for breach of contract?
Damages for breach of contract typically include compensatory damages, consequential damages, and sometimes punitive damages.
Can you explain compensatory damages?
Compensatory damages are intended to cover the actual loss suffered by the non-breaching party due to the breach.
What about consequential damages?
Consequential damages are losses that occur as a direct result of the breach, which were foreseeable at the time of the contract.
Are there any limits on these damages?
Yes, damages may be limited by the terms of the contract or by law, and they must be proven to be reasonable and foreseeable.
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