{"id":175133,"date":"2022-08-25T06:25:02","date_gmt":"2022-08-25T05:25:02","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=175133"},"modified":"2025-03-28T11:46:15","modified_gmt":"2025-03-28T11:46:15","slug":"consequential-loss","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/disputes-litigation\/consequential-loss\/","title":{"rendered":"What Do I Need to Know About Consequential Loss for My Dispute?"},"content":{"rendered":"\n

As a business owner, you will likely become involved in a dispute that goes to court at some point. In this case, you should ensure you are familiar with the different types of damages available to you. ‘Damages’ is the legal term for the monetary award that a court can impose for the unsuccessful party to pay the successful party. In many ways, it is similar to compensation. This article will explain what consequential loss is, how it fits alongside the other types of damages<\/a> that you may get in a court decision, and when you are likely to get consequential loss damages. <\/p>\n\n\n\n

What are Remedies?<\/h2>\n\n\n\n

Put simply, remedies are what the English courts will give you at the end of your court case. Knowing the remedies available in a commercial contract<\/a> setting is very important from the outset. The most common remedy you may receive is the court imposing damages. <\/p>\n\n\n\n

What are Damages?<\/h2>\n\n\n\n

Damages are a monetary sum reflecting the loss you have suffered as part of your dispute. The amount of money you receive as part of your damages will reflect different types of loss. <\/p>\n\n\n\n

In a commercial contract setting, damages will put you in the same position you would have been in but for the breach of contract. This can include particular losses, such as loss of profit. It can also include ‘consequential loss<\/a>.\u2019<\/p>\n\n\n\n

\n

To avoid lengthy and expensive disputes, it’s important to have up-to-date legal contracts in place. Our contract lawyers can review and update your contracts to ensure your business is protected. Book a complimentary consultation today by filling out the form on this page.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n

\n
\n Need legal advice?\n
\n \n Call 0808 196 8584<\/a> for urgent assistance.\n
\n Otherwise, complete this form, and we will contact you within one business day.\n <\/span>\n <\/div>\n\n \n\n
\n