lost profits

lost profits
In contract actions, the profit which the nondefaulting promisee expected to make from the breached contract or the profit which he expected to make from the collateral transactions based upon the promised performance. In tort actions, the expected gains from transactions which the injured party expected to complete had it not been for the tort. 22 Am J2d Damg § 171.

Ballentine's law dictionary. . 1998.

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