Ask an owner, a contractor and an architect to define "consequential damages" and you'll probably get three different answers. Nearly two centuries after Hadley v. Baxendale, 9 Exch. 341, 156 Eng. Rep ...

The lack of more extended negotiations, however, can result in unintended consequences. Most courts agree that lost profits unrelated to the contract at issue are consequential in nature. 2 Beyond ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Many construction contracts include a provision that prohibits the parties from recovering “consequential” damages in the event of a breach. Sometimes parties will negotiate and agree to a waiver of ...

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There are plenty of terms and provisions in a construction contract which can sound pretty definitive but which can actually prove to be anything but certain. A waiver of consequential damages is one ...

The contractor and owner waive claims against each other for consequential damages arising out of or relating to this contract. This mutual waiver includes: damages incurred by the owner for rental ...