consequential loss

consequential loss
consequential loss see loss

Merriam-Webster’s Dictionary of Law. . 1996.

consequential loss
Consequential damage is loss or damage, which is not a direct result of a breach of contract, or negligence but occurs as an indirect but foreseeable consequence (e.g. lost future sales). A seller will normally exclude responsibility for such damages in the supply contract or terms and conditions of sale.

Easyform Glossary of Law Terms. — UK law terms.

consequential loss
Consequential loss is any loss which is not a direct result of the breach complained of. For example the loss of telephone orders because a new telephone system does not work rather than the cost of the telephone system itself. You may be able to claim for such losses if they were a likely result of the breach. Most standard terms of sale will try to exclude liability for consequential loss. This can be a very important point to negotiate particularly if significant consequential losses could flow from a breach.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

  • consequential loss — ➔ loss * * * consequential loss UK US noun [C or U] ► LAW, INSURANCE a loss of money that happens as a result of something wrong or illegal that someone else has done: »We suffered a consequential loss as a result of the non delivery of these… …   Financial and business terms

  • Consequential Loss — The amount of loss incurred as a result of being unable to use business property or equipment. If the property/equipment is damaged through a natural disaster or accident, only certain types of insurance can cover the owner for lost business… …   Investment dictionary

  • consequential loss — /ˌkɒnsɪkwenʃəl lɒs/ noun loss which occurs as the result of some other loss. Also called indirect loss …   Dictionary of banking and finance

  • consequential loss — noun : an indirect or secondary loss occasioned by direct property loss (as that caused by a fire) and often provided for by special provisions in insurance policies or by special policies (as rent insurance or business interruption insurance) …   Useful english dictionary

  • consequential loss — Losses not directly caused by damage, but rather arising from results of such damage …   Black's law dictionary

  • consequential loss — Losses not directly caused by damage, but rather arising from results of such damage …   Black's law dictionary

  • consequential-loss policy — See business interruption policy …   Big dictionary of business and management

  • consequential loss insurance — noun an insurance policy indemnifying against contingent results of accident, especially the cost of the hire of a car to replace one under repair or the cost of alternative accommodation after a fire …  

  • loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare …   Law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

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