What is a consequential damage? This is the million (sometimes multimillion) dollar question. According to Black’s Law Dictionary, consequential damages are “losses that do not flow directly and ...
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 ...
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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