How Much Can You Sue for Breach of Contract?
Quick Overview
How much can you sue for breach of contract? The amount you can sue for typically includes direct damages, consequential damages, and sometimes punitive damages, depending on the case and jurisdiction.
Key Factors:
- Actual Damages: The loss directly resulting from the breach, including lost profits or costs incurred.
- Consequential Damages: Additional losses caused by the breach that were foreseeable at the time of the contract.
- Liquidated Damages: Pre-determined amounts specified in the contract that apply if a breach occurs.
- Punitive Damages: Rarely awarded, these are meant to punish particularly egregious conduct by the breaching party.
- Jurisdictional Limits: State laws may impose limits on recoverable damages in contract cases.